Wednesday, 29 May 2024

Atlas Elevators sets subscription price range at 23 riyals per ‎share

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Yaqeen Financial Company (Yaqeen Capital), in its capacity as the financial advisor and subscription manager for the offering of shares of Atlas Elevators General Trading and Contracting Company (Atlas Elevators) (“the Company”) in the parallel market “Nomu”, announced the completion of the offering process for 1.2 million ordinary shares representing… (20%) of the company’s shares

It explained in a statement on Tadawul that the offering price is 23 riyals per share, with the coverage percentage reaching 495.07% of the total shares offered during the offering period from September 10, 2023 until September 14, 2023.

Yaqeen Financial Company, in its capacity as the financial advisor and subscription manager, will complete the necessary procedures with the Saudi Tadawul Group and then determine the date for listing the shares of Atlas Elevators Company for General Trading and Contracting in the parallel market “Nomu.”

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