The price range for the public offering of Dar Medical and Scientific Equipment Company in the Saudi market has been set between 45 and 52 riyals per share.
According to Arabiya Net, Al-Istithmar for securities and brokerage Alistithmar Capital, in its capacity as the financial advisor, book manager, subscription manager, and underwriter in the offering, announced the start of the offering period. The process of building the order book for the participating classes segment from January 17, 2022 and ends on January 27, 2022.
The offering process consists of offering 6 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 999,999 thousand shares.
Participation in order book building is limited to categories qualified to participate in the order 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.
The price of the offering will be determined for public subscription after the completion of the book building process, followed by the process of subscribing to the individual subscribers segment. The number of shares that will be initially allocated to the participating categories is 6 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 shares allocated to them, the subscription registry manager has the right to reduce the number of shares allocated to the participating classes to a minimum of 5.4 million shares, representing 90 % of the total shares offered.