Taqaddam International for Communications and Information Technology intends to offer a 20% share of the company's shares, representing 400,000 ordinary shares, and list it in the Saudi parallel market.
Falcom Financial Services, the financial advisor and lead manager for the potential offering, announced in a statement to the Saudi Stock Exchange (Tadawul), today, Monday, that the company obtained the market's approval to list its shares. In the parallel market, as well as the approval of the Capital Market Authority on November 3, 2021.
and indicated that the final offer price will be determined for all subscribers after the end of the book building period.
She also pointed out that the offering period will start from Sunday, December 12, and end on Thursday, December 16.
