Al-Wasail Industrial company Price per Share Set at the Range of SR16-SR19  

Al-Wasail Industrial company determination of the price range for its proposed offering and the start of the book-building period for qualified investors was announced by the determination of the price range for its proposed offering and the start of the book-building period for qualified investors, was announced by the Falcom Financial Services, in its capacity as the financial advisor and lead manager for the offering, and it shall be as follows:

Price range has been determined at the range of (SR16-SR19) per share (the Offering process is represented by offering 2,500,000 ordinary shares of the company’s existing shares or 10% of the issued capital of the company, which will be sold from the shareholders, in place.

2,500,000 ordinary shares representing 100.00% will be allocated to qualified investors.

Minimum number of shares that each qualified investor can subscribe to is 10 shares, while the maximum is 1,249,990 shares.

Period of the book building process for Qualified Investors: starts on December 26, 2021 and ends on December 30, 2021.

For more information, and to view the prospectus, please visit the website of the Capital Market Authority.