Alkhair Capital announces the results of the initial public offering of United Mining Industries Company

AlKhair Capital Saudi Arabia, as Financial Advisor and Lead Manager for the Offering of United Mining Industries Company (the “Company”) on the Parallel Market “Nomu”, announces that the Offering of United Mining Industries Company has been successfully concluded:

The results of the coverage for Qualified Investors:

  • Offered Shares: 1,750,000 ordinary shares, representing 12.50% of the Company’s Share Capital
  • Announced Prices Range: Price range was set between SAR (31 – 34) per share
  • Final Offering price: SAR 34 per share
  • Coverage: 343.55%

AlKhair Capital, as Financial Advisor and Lead Manager will finalize the required procedures and will fulfill all relevant requirements and procedures with the Saudi Stock Exchange, and the trading on the Parallel Market “NOMU” will be announced on the Saudi Exchange website (www.saudiexchange.sa)

For more information and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa), United Mining website (www.ugc.com.sa) and AlKhair Capital Saudi Arabia website (www.alkhaircapital.com.sa).