FADECO sets IPO price range at SAR 65-71 per share

11/05/2022 Argaam

Yaqeen Capital Co., as the financial advisor and lead manager on the potential offering of Arabian Food & Dairy Factories Co. (FADECO), announced that the company’s initial public offering (IPO) price range has been set between SAR 65 and 71 per share, as well as the commencement of the qualified investors’ book-building period.

 

The offering comprises 282,000 ordinary shares, representing 20% of the firm’s issued share capital.

 

Each qualified investor must apply for a minimum of 10 shares and a maximum of 70,490 shares.

 

The bidding and book-building period for qualified investors starts today, May 11 and will end on May 15.

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