Saudi Fransi Capital announced that the final offer price for Alkhorayef shares for Water and Energy Technology is 72 riyals per share.
According to Arabiya Net, Saudi Fransi Capital, the financial advisor, the lead manager, the principal manager of the institutional booklet, the principal underwriter, and the Saudi EFG Hermes registry manager said Underwriting of institutions and underwriter for the public offering of Alkhorayef Water and Power Technology Company for the successful completion of the process of building the order book for the segment of institutions subscribing to the shares of the company successfully and setting the final offer price of 72 riyals per share, with a coverage ratio of 6320% of the total shares offered.
and with the successful completion of the order book building process, as a second stage, 750,000 ordinary shares representing 10% of the total shares offered for public subscription will be allocated to individual subscribers as a maximum. .
It is worth noting that Saudi Fransi Capital, in its capacity as the IPO Manager, has made all preparations with the recipient entities, namely Banque Saudi Fransi, Riyad Bank and Saudi British Bank, all necessary preparations to receive subscription requests. Individual investors, which will be launched next Tuesday and will last for two days.
