March 28, 2023

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Determining the price range for "ready" delivery in the Saudi market between 750 and 850 riyals

Determining the price range for “ready” delivery in the Saudi market between 750 and 850 riyals

HSBC Saudi Arabia has announced the pricing range of the offer and the launch of the book production process to provide a company with qualified investors (non-individuals). Ready International for Information Systems Technology.

Today, on Thursday, the company explained in a statement to “Tadaul Saudi” that the price range for a share (750 – 850) is set at the rial.

The issuance process involves the issuance of 1.888 million ordinary shares, which, after contributing approximately 18% of the company’s capital, allocates additional shares to implement the price stability mechanism up to a maximum of 204,590 thousand shares.

Participating classes can subscribe with a minimum of 7,500 shares and a maximum of 524,590 thousand shares.

The price of the offer for public subscription will be determined following the subscription process for the eligible investor segment (individuals) after the completion of the order book building process.

The number of offerings initially offered to eligible investors (non-individuals) is 1.888 million shares, which is 100% of the total offer shares, and the final allotment will be made to eligible investors (individuals) upon completion of the subscription period. )

If eligible investors (individuals) subscribe to all the offerings shares allotted to them, the primary subscription record manager has the right to reduce the number of shares allotted to eligible investors (non-individuals) to 1.615 million offer shares. Minimum – 85.6% of the total offer shares.

The process of creating the order book will start on Thursday, December 9, 2021 and will last for (5) days until December 13.