Watheeq Capital Announces the Results of the Offering Process for the Initial Public Offering of View United Real Estate Development Company on the Parallel Market “Nomu”

Watheeq Capital
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1445/05/19     03/12/2023 15:36:58

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Announcement Detail Watheeq Capital, as Financial Advisor for the Offering of View United Real Estate Development Company (the “Company” or “View”) on the Parallel Market “Nomu”, announces that the Offering of (600,000) Shares representing 18.18% of the company's capital after the increase (which represents (20.00%) of the company's total capital before the increase).

Offering price: 70 SAR per share. (“the Offering”) coverage was 110.20% of the total shares offered during the subscription period from Sunday 05/05/1445H (corresponding to 19/11/2023G) to Monday 13/05/1445H (corresponding to 27/11/2023G).

Watheeq Capital, as Financial Advisor will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of View on the Parallel Market “Nomu”.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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