Money and business

Determine the price range of the “Marketing House” share between 80 and 85 riyals

The Financial Development Company announced in its capacity as the Financial Adviser, Director of Institutions E subservation record, the coverage contractor and the Director of Subscription in the initial public offering of the Marketing House for Trade Group Company, to determine the price range of offering and start the period of building the order registry for the participating groups segment.
The company noted the determination of the price range of 80 and 85 riyals per share.
The offering process is (4,800,000) ordinary shares of the company’s shares, which represents 30% of the company’s issued capital, by selling current shares by the company’s current shareholders.
The minimum number of shares that can be subscribed to the participating groups is (50,000) shares, while the maximum is (799,990) shares.
Participation is limited to the process of building the orders record on the qualified groups to participate in the process of building a command record in accordance with the instructions for building the orders and allocating shares in the initial subscriptions issued by the Capital Market Authority Council.
The price of the offering will be determined for public subscription after completing the process of building the command record for the process of subscribing to the individual segment. 20% of the total shares offered for the public subscription will be offered to individual subscribers.
The number of offering shares that will be allocated initially to the participating categories is (4,800,000) shares offered, representing 100 % of the total offering shares, provided that the final allocation is after the end of the individuals ’subscription period.
In the event of sufficient demand by individual subscribers, the financial advisor, in coordination with the company, has the right to reduce the number of offering shares allocated to the participating groups to (3,840,000) shares as a minimum, representing 80% of the offering shares.
The period of construction of the orders record for the participating groups segment begins from Sunday 02/02/1447 AH (corresponding to 08/08/2025 AD) and ends on Thursday, 02/1447 AH (corresponding to 08/07/24 AD) at 04:00 pm Kingdom of Saudi Arabia time.

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