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Saudi Fransi Capital announced as the lead manager for the company Rasan Information TechnologySaudi Fransi Capital Company and Morgan Stanley Saudi Arabia, in their capacity as financial advisors, managers of the institutional subscription book and underwriters for the company’s initial public offering, announced the successful completion of the process of building the order book for the segment of institutions subscribing to the company’s shares and setting the final offering price at 37 riyals per share, with a coverage ratio of 129.1 times. Of the total shares offered.
It said in a statement on Tadawul that the participating entities had subscribed for all of the shares offered, with 22.74 million ordinary shares allocated to them, representing 100% of the total shares offered for subscription as a first stage.
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She indicated that with the successful completion of the process of building the order book, as a second stage, a maximum of 2.27 million shares, representing 10% of the total shares offered for public subscription, will be allocated to individual subscribers.
According to the data available in numbersThe offering period for individuals in the company’s shares begins on Wednesday, May 29, 2024, and continues until Thursday, May 30, 2024.
The nominal value of the share is one riyal.
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