Jeddah September 11 2022: Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Arabian Plastic industrial Company (APICO) (the “Company” or “APICO”) announces on behalf of APICO the offering price range and commencement of the Qualified Investors Book-Building Period.
The Offering price range has been set at SAR (24 – 27) per share (the “Price Range”).
The Offering is comprised of (1,000,000) ordinary shares representing 20% of the issued share capital of the Company to be sold by the current shareholders (the “Offer Shares”).
The number of Offer Shares that will be allocated to Qualified Investors is (1,000,000) Shares, representing 100% of the total number of Offer Shares.
Each Qualified Investor who subscribes for the Offer Shares must apply for a minimum of (10) Offer Shares and a maximum of (249,990) Offer Shares.
Bidding and book-building period for Qualified Investors: starts on Sunday 11th of September 2022G and ends on Tuesday 13th of September 2022G.
For more information and for the prospectus [in Arabic], please visit the Capital Market Authority website.
