The Saudi Fransi Capital, the financial advisor, the lead manager, the principal manager of the institutional underwriting register, the underwriter, and the EFG Hermes, the institutional underwriting manager for the public offering of Theeb Rent a Car Company, completed the process of building the order book for the segment of institutions subscribing to the company's shares Coverage amounted to 6010% of the total shares offered, at a price of 40 riyals per share.
According to Arabia Net, the company added that the participating entities have subscribed to all the offered shares, as 12.9 million ordinary shares were allocated to them, which represent 100% of the total shares offered for subscription as a first stage.
With the successful completion of the order book building process, as a second stage, 1.29 million ordinary shares, which represent 10% of the total shares offered for public subscription, will be allocated to individual subscribers as a limit. Max.
Saudi Fransi Capital confirmed that it has completed, with the recipient entities, the Saudi Fransi Bank, Riyadh Bank, and the National Commercial Bank, all preparations for receiving investor subscription requests from the individual segment, which will be for a period of only one day, on 08/08/1442 AH (corresponding to 03/21/) 2021).
