Yeqin Capital, in its capacity as the financial advisor and lead manager, has determined the price range for the potential offering of Helwa Water Company in the parallel market, the growth and start of the book building period for qualified investors.
According to Arabiya Net, Yaqeen Capital said in a statement that the price range is between 35 - 32 Saudi riyals per share.
She added that the offering process consists of offering 625,000 ordinary shares, representing 20% of the company's issued capital after the offering.
She explained that 625,000 ordinary shares, representing 100% of qualified investors, will be allocated.
The minimum number of shares that each eligible investor can subscribe to is 10 shares, while the maximum is 156,240 shares.
The book building process for Qualified Investors begins on February 6, 2022 and ends on February 10, 2022.
