Emirates NBD Capital Saudi Arabia, the financial advisor and lead manager for the initial public offering of the Sandwich House Fast Food Restaurant Company (Burgerizzr), announced the successful completion of the process of building a record of the orders written in the company's shares and setting the final offering price at 165 riyals per share.
According to Arabiya Net, the company added in a statement, today, Thursday, that the subscription coverage amounted to 6646% of the total shares offered.
Emirates Dubai Capital clarified that 725,000 ordinary shares have been subscribed for, representing 29% of the company's total shares.
And she indicated that the offering process took place based on the building of the order book during the period from Sunday 15/08/2021 and continued until Monday 23/08/2021.
According to the statement, Emirates NBD Capital Saudi Arabia, in its capacity as the financial advisor and lead manager, will coordinate with the Saudi Stock Exchange (Tadawul) to determine the date for listing the shares of Bait Restaurants Company. The fast food sandwich (burgerizer) in the parallel market - Nomu.
Emirates NBD Capital Saudi Arabia, in its capacity as bookrunner for the initial public offering of Sandwich House, the fast-food restaurant company Burgerizzr, has announced a price range for its planned offering of 150 -165 riyals per share, and the offering price will be determined after the end of the subscription.
