Al-Ahly Capital, in its capacity as financial advisor, bookrunner, lead manager and underwriter for the potential public offering of East Integrated Pipeline Company, announced the determination of the price range of the offering and the start of the period The process of building the command history for the participating classes segment.
According to Al-Ahly Capital's statement on the Saudi market website (Tadawul), today, Tuesday, the price range for the shares of Al-Sharq Pipes was set between 72 and 80 riyals per share. /p>
The offering process consists of offering 6.3 million ordinary shares of the company's shares, which represents 30% of the company's issued capital, by selling the existing shares by the existing shareholders. In the company
The minimum number of shares that can be subscribed to for the participating classes is 100,000 shares, while the maximum is approximately 1.05 million shares.
Participation in book building is limited to categories that are eligible to participate in the book building process in accordance with the instructions for book building and allocating shares in initial subscriptions issued by the Board of the Capital Market Authority< /p>
The offering price will be determined for public subscription after the completion of the book building process, to be followed by the subscription process for the individual subscribers segment. The number of the offering shares that will be initially allocated to the participating categories is 6.3 million. An offering share representing 100% of the total offering shares, provided that the final allotment is after the end of the individual subscription period.
In the event that individual subscribers subscribe to all the Offer Shares allocated to them, the Subscription Book Manager has the right to reduce the number of shares allocated to the participating classes to 5.67 million Offer Shares - as a minimum - including It represents 90% of the total shares offered.
The order book building process for the institutional segment starts on January 11, 2022 and ends on January 17, 2022.