News & Announcements

Watheeq Capital

30 April, 2024 15:47

Watheeq Capital Announces the Results of the Offering Process for the Initial Public Offering of Qomel Company on the Parallel Market “Nomu”

Element List	Explanation
Announcement Detail	Watheeq Capital, as Financial Advisor for the Offering of Qomel Company (the “Company” or “Qomel”) on the Parallel Market “Nomu”, announces that the Offering has been concluded, and the offering for the total of 500,000 ordinary shares representing 14.29% of the total capital of the company. Offering price: 80 SAR per share. (“the Offering”) coverage was 274.52% of the total shares offered during the subscription period from Sunday 12/10/1445H (corresponding to 21/04/2024G) to Thursday 16/10/1445H (corresponding to 25/04/2024G). Watheeq Capital, as Financial Advisor will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Qomel on the Parallel Market “Nomu”.

Element List

Explanation

Announcement Detail

Watheeq Capital, as Financial Advisor for the Offering of Qomel Company (the “Company” or “Qomel”) on the Parallel Market “Nomu”, announces that the Offering has been concluded, and the offering for the total of 500,000 ordinary shares representing 14.29% of the total capital of the company. Offering price: 80 SAR per share. (“the Offering”) coverage was 274.52% of the total shares offered during the subscription period from Sunday 12/10/1445H (corresponding to 21/04/2024G) to Thursday 16/10/1445H (corresponding to 25/04/2024G). Watheeq Capital, as Financial Advisor will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Qomel on the Parallel Market “Nomu”.

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