HSBC Saudi Arabia has completed the process of building a book of orders for the segment of non-individual investors in the shares of Jahez International Company for Information Systems Technology, and the final offering price has been set at 850 riyals. Saudi per share.
According to Arabiya Net, the company added in a statement that the offering was covered by 38.8 times of the total shares offered.
She stated that with the successful completion of the order book building process, the subscription phase for qualified investors (individuals) will start on Thursday, December 23, 2021, and will continue until Sunday, December 26.
The company stated that 272.786 thousand ordinary shares, representing 14.4% of the total shares offered for public subscription, will be allocated to individual subscribers as a maximum.
The price range for a ready stock was set between 750-850 riyals per share.
The number of offering shares that will be initially allocated to qualified non-individual investors has reached 1.888 million shares, representing 100% of the total offering shares, provided that the final allocation is after the end of the subscription period for qualified investors (individuals).
