Saudi F1 Grand Prix helps Jeddah hotel rates to record

Saudi F1 Grand Prix helps Jeddah hotel rates to record
Saudi F1 Grand Prix helps Jeddah hotel rates to record

Thank you for reading the news about Saudi F1 Grand Prix helps Jeddah hotel rates to record and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Jahez International Co. for Information Systems Technology, a leading Saudi online food delivery platform, plans to collect up to SR1.6 billion ($428 million), a filing showed. 

The company, also known as Jahez, set the price range for its initial public offering on Nomu Parallel Market between SR750 and SR850 per share.

The company offered 1.89 million shares representing 18 percent of its capital after the offering. 

HSBC Saudi Arabia is the financial advisor, lead bookrunner, lead manager, and stabilisation manager for the listing. 

The minimum number of shares for participating entities is set at 7,500, while the maximum number is 524,590.

The final offer price will be set after the completion of the book building process, which will run for qualified investors from Dec. 9 to Dec. 13, the statement said.

In case individual qualified investors subscribe to the shares allocated for them, the lead bookrunner shall have the right to reduce the number of offer shares allocated to institutional qualified investors to 1.62 million shares – as a minimum - representing 85.6 percent of the total number of offer shares.

These were the details of the news Saudi F1 Grand Prix helps Jeddah hotel rates to record for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT China’s factory activity stuns with fastest growth in a decade

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]