The financial brokerage company “Wasata Capital”, in its capacity as the financial advisor to offer the shares of “Food Horizons” in the parallel market “Nomu”, announced the completion of the offering process, as qualified investors subscribed to the entire offered shares, and the coverage rate reached 103.13%.
The company said in a statement on “Tadawul Saudi Arabia”, today, Wednesday, that the offering price is set at 37 riyals per share, and the number of shares is 1.6 million ordinary shares, representing 20% of the company’s total shares.
She added that Wasatah Capital, in its capacity as the financial advisor, and Al-Nafaie Investment Group, in its capacity as the subscription manager, will work to complete the necessary procedures with the Saudi Tadawul Company, “Tadawul”, and then set a date for listing the shares of “Food Horizons” in the “Nomu” parallel market.
The Saudi Capital Market Authority had approved the request of the “Food Horizons” company to register its shares and offer 1.6 million shares, representing 20% of its shares, in the parallel market, “Nomu”.
It is noteworthy that the financial brokerage company “Wasata Capital”, in its capacity as the financial advisor for the initial public offering of the “Food Horizons” company in the parallel market “Nomu”, announced that the offering price was set at 37 riyals per share.
