Saudi Fransi Capital has announced the start of the process of building orders for food development in preparation for 30% of its shares for public subscription.
The Saudi Fransi Capital, the financial adviser, the IPO Director, and the Director of the IPO Register, and the Code of Coverage of the General Substitute for Food Development Company, declared the determination of the price range for subtraction and start The process of building orders for institutions on Sunday, 17/11/1442 AH (27/11 / 2021), which lasts until the end of Thursday 21/11/1442 AH (corresponding to 1/07/2121).
The IPO will include the shares of the food development company, where 6 million ordinary shares will be launched, representing 30% of the total food development company on investors from the institutions of the institutions During the process of building a command register, where the price range was identified for subtraction between SR 59-67 per share.
> She noted that the minimum number of shares that could be subscription to each category of target investors were 100,000 normal shares, while the maximum number of shares could be subscription Where 999.999 thousand is normal.
> The Saudi Fransi Capital will determine the payment rate for public subscription after completing the process of building orders to follow the subscription of the individual slice, with 600,000 shares will be subtracted 10%) of total stocks for public subscription to disposal of individuals. The process of subscription to individuals will be for only one day on 17/12/1442 e (corresponding to 27/07/2821).
If there is adequate application by subsidized individuals on subscription in the stock shares, Saudi Fransi Capital, director of subscription is the reduction of the number of proposals for institutions to 5.4 Million shares at a minimum of 90% of the total contributors after completing the subscription of individuals.
