Subscription to Five Colors via Scopeer platform ends tomorrow

The subscription for the offering of Five Colors, a company specialized in cinema and media production, will end tomorrow, March 9, 2021, at 12:30pm, through Scopeer equity-based crowdfunding platform, which is licensed by the Capital Market Authority (CMA).

Five Colors covered 384% of the minimum limit required for the campaign success, with a participation of 633 investors.

It targets to raise a maximum of SAR 4.99 million, or a minimum of SAR 999,760. Shares are offered at SAR 303.88 each.

Subscribers can register on Scopeer.com to directly buy the offered shares, the company added, noting that the eligible investors’ accounts will be upgraded via e-mail (investors@Scopeer.com) to open the investment ceiling.

Company Profile
Company	FIVE COLORS
Offering Platform	Scopeer
Main activities	A company specialized in cinema and TV production of movies and series, as well as production of documentaries, advertising and promotional materials, podcasts and photography to promote products and services, in addition to renting photography studios and cinematic equipment in Saudi Arabia and across the region.
Capital	SAR 500,000.
Number of shares	50,000
Share par value	SAR 10

Offering Summary
Capital after offering	SAR 532,900
Number of shares after offering	53,290 shares at SAR 10 par value, and in the event of reaching the maximum limit, namely 500% over-subscription, the number of shares after the share sale will be 66,450.
Percentage of shares offered	6.17% as a minimum 24.76% as a maximum
Number of shares offered	3,290 shares as a minimum 16,453 shares as a maximum
Offering price	SAR 303.88 per share, inclusive of par value
Total offering value	SAR 999,760 as a minimum SAR 4.99 million as a maximum
Qualified subscribers	- Retail investors - Individual professional investors - Investment firms
Offering minimum limit for retail investors	SAR 1,215.52
Offering maximum limit for retail investors	SAR 19,750
Offering maximum limit for professional investors	Unlimited
Maximum limit for investment companies	Unlimited
Date of offering opening	Dec. 13, 2020
Date of offering closing	March 8, 2021
Allocation	Allocation will take place on a pro rata basis
Uses of offering proceeds	It is expected that the total proceeds of the offering will reach a maximum of SAR 4.99 million, which will be used in the completion of the company's expansion plans, as follows: 1- Covering employee expenses in order to expand the company. 2- Covering the expenses of producing new artistic works. 3- Covering the expenses of developing and managing the application. 4- Covering the expenses of equipment and servers. 5- Covering marketing expenses. 6- Covering offering expenses.

Investment in Five Colors Co. LLC will ensure that shareholders can double the market value of their ownership several times in the long-term as the company has strong ambitions and readiness to embark on the journey of growth in the Kingdom's film and visual content industry, officials at Five Colors told Argaam.

"Five Colors" chairperson "Mashael Nasser"

For more details about the share sale on Scopeer platform, click here.

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A look at Five Colors financial performance, growth forecasts

A look at Five Colors share sale via Scopeer crowdfunding platform

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