2023-11-25 17:05:00
The well-known MBC Group announced a very important bulletin, as 33.25 million of its shares will be offered in the Saudi market for trading in TASI shares.
The start of the order registration period for the participating categories regarding the process of building the order book was announced on November 30, 2023 AD, and this is for a period of 7 days, which means that the end date is December 6, 2023 AD.
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The offering period has been announced, which begins on December 14, 2023, and continues for 5 days, meaning it ends on December 18, 2023. According to the prospectus, only 10% of the shares are for individual investors and 90% for institutional investors.
The statement included that the company’s capital currently reached 2.992 billion riyals, distributed among the current number of shares of 299.25 million shares, and that the major investors are Walid Ibrahim Abdulaziz Al Ibrahim with 40% and Al Sustainability Holding Company with 60%.
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