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Riyadh, Saudi Arabia –Miahona Company (“Miahona” or the “Company”, or the “Issuer”), today announces the successful completion of the book building process for participating parties and the Final Offer Price (“Final Offer Price”) for the Company’s Initial Public (“IPO” or the “Offering”).
The Final Offer Price for the Offering has been set at SAR 11.5 per share, implying a market capitalization of SAR 1.85 billion (USD 493 million) at listing. The recorded orders during the institutional book-building stood at around SAR 94.4 billion (USD 25.2 billion), representing a coverage of 170x.
The individual investors’ subscription period will last for 2 days, commencing on 21 May 2024 and ending on 22 May 2024.
The Company’s prospectus includes all details of the IPO – for additional details please visit the Company’s IPO website ipo.miahona.com or the website of the joint financial advisors www.bsfcapital.sa and www.efghermesksa.com or the website of CMA www.cma.org.sa.
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For further information, please contact:
| Company | Role | Contact |
| EFG Hermes KSA | Joint Financial Advisor, Joint Bookrunner and Co-Underwriter | EFG_projectneptune@efg-hermes.com |
| Saudi Fransi Capital | Lead Manager, Joint Financial Advisor, Joint Bookrunner and Co-Underwriter. | Miahona.IPO@fransicapital.com.sa |
| FGS Global | Media and Communications Advisor | Daniel Yea |
| Receiving entities |
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** THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OF SECURITIES OR OTHER MEASURES **
The information contained in this announcement is not a prospectus and does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of any securities of Miahona Company in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction, including in or into the United States, Canada, Japan, Australia, the Republic of South Africa or New Zealand.
Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Any offer to acquire shares pursuant to the proposed Offering (as defined below) will be made, and any investor should make his investment decision solely on the basis of the information that is contained in the formal offering documents to be published by Miahona Company in due course in connection with the listing and trading of its ordinary shares on the Main Market of the Saudi Exchange.
