Leen Alkhair extends offer period to qualified investors to Dec. 15

Logo of Leen Alkhair Trading Co.

Leen Alkhair Trading Co. announced a supplementary prospectus for its offering of 958,750 shares, or 23.5% of its share capital, for subscription on Nomu-Parallel Market, extending the deadline for the offering period to Dec. 15, the company said.
 

Thus, the subscription period starts from Dec. 4, and run for 10 days till Thursday, Dec. 15, 2022.

Final allocation date will also be amended to Tuesday, Dec. 20, with refund scheduled for Dec. 22, 2022.

The subscription period started from Dec. 4 until Dec. 8, to qualified investors, according to Argaam's data.

Leen Alkhair’s current shareholders will sell 550,770 shares, or 13.50% of the company’s capital post-IPO.

A total of 407,980 new shares will be issued to increase capital from SAR 36.72 million (3.67 million shares) to SAR 40.8 million (4.08 million shares) after the offering.

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