FALCOM announces Offering of Advance International, listing shares on NOMU

FALCOM Financial Services Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Advance International Communication and Information Technology (the “Company” or “ACITEC”) announced on Monday the intention of the Company to offer (400,000) ordinary shares representing (20.00%) of the Company’s shares (“the Offering”), and the listing of the Company’s shares on the Parallel Market (“NOMU”).

The Saudi Exchange approved the Company’s application for the listing its shares on the Parallel Market (“NOMU”) on 20/10/2021 and the Capital Market Authority (“CMA”) approved the Company’s application for the Offering of the Company’s shares on the Parallel Market (“NOMU”) on 03/11/2021.

 The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period. The Offering Period will begin on Sunday 12/12/2021 and will end on Thursday 16/12/2021.