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TeamOne Company announces the Results of the Offering Process and the Share Price for the Initial Public Offering of Al-Razi Medical Company
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| Announcement Detail | TeamOne Financial Company, as the Financial Advisor for the Initial Public Offering of AL-razi Medical company in the Parallel Market “Nomu”, announces that the Offering of (304,000) ordinary shares representing (20%) of the Company’s total shares to Qualified Investors has successfully concluded. The results of the coverage are as follows: Offering Price Range: SAR 24-28 per share. Final Offering Price: SAR 28 per share. Coverage: 2320% The allocation of shares to institutional and individual Qualified Investors has been completed. The refund, if any, will be completed by Monday (12/06/2023G) as mentioned in the prospectus. TeamOne Financial company will finalize the required procedures for listing with the Saudi Tadawul Group “Saudi Tadawul” and then determines the date for listing of the shares of the Company on the Parallel Market “Nomu”. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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