Falcom Financial Services, in its capacity as the financial advisor and lead manager for the potential offering of Jazz Arabia Services, revealed the price range for its offering and the start of the book building period for qualified investors.
According to Arabiya Net, Falcom said in a statement that the price range is set between 75-90 riyals per share.
The offering process consists of offering 790,000 ordinary shares of the company's existing shares, representing 5% of the company's issued capital, which will be sold by the existing shareholders.
Falcom Financial added that the period of the book building process for qualified investors begins on January 23, 2022 and ends on January 27, 2022.
She explained that 790,000 ordinary shares, representing 100% of qualified investors, will be allocated.
The minimum number of shares that each qualified investor can subscribe to is 10 shares, while the maximum is 789,990 shares.
