“Vadeco” IPO in “Nomu” Market.. Today, the offering begins for qualified investors

Yaqeen Financial Company “Yaqeen Capital”, in its capacity as the financial advisor and lead manager for the potential offering of the Arab Factories Company for Food and Dairy “Fadeco”, announced the determination of the price range for the potential offering of “Fadeco” in the parallel market “Nomu” between (65 – 71) riyals per share.

Yaqin Capital said in a statement on Saudi Tadawul today, Wednesday, that the offering process consists of offering 282,000 ordinary shares, representing 20% ​​of the company’s issued capital, which will be sold from existing shareholders.

A total of 282,000 ordinary shares representing 100% of qualified investors will be allocated.

The minimum number of shares that each qualified investor can subscribe to is 10 shares, while the maximum is 70,490 shares.

The book building period for Qualified Investors begins on Wednesday, May 11, 2022 and ends on Sunday, May 15, 2022.