The Bin Dawood Holding Group Lead Manager suggested that the share be priced at the upper end of the price range of 96 riyals per share, with the high demand in the order book building process.
p>
According to Reuters, a document showed that the subscription had already been covered on the second day of the start of the order registration and order book building process, which began on the 13th of September.
>
The Bin Dawood Group intends to offer a 20% share of the company's capital, which evaluates the company at about 11 billion riyals.
The retail subscription period begins on September 27 and lasts for two days.
The Saudi Bin Dawood Holding Company had previously set the price range for its prospective offering between 84 and 96 riyals per share, and the start of the period of building the order book for the underwriting institutions.
According to the company’s statement, the offering includes 22.86 million ordinary shares of the company's current shares that will be sold from the current shareholders.
Bin Dawood expected that the total volume of the offering ranges between about 1.9 billion riyals, or about $ 512 million, and 2.2 billion riyals, equivalent to $ 585 million.
p>
(Amazon fun knowledge)
