Latest news with #AlinmaCapital
Arab News
29-05-2025
- Business
- Arab News
flynas launches retail subscription for IPO
flynas Company, one of the leading low-cost carriers in the Middle East and North Africa region, has announced the opening of its retail subscription period for individual investors as part of its initial public offering on the Saudi Exchange. The final offer price has been set at SR80 ($21) per share, marking the top end of the previously announced price range. This follows an overwhelming response from institutional investors, with the institutional tranche oversubscribed approximately 100 times, attracting SR409 billion in orders from local and international investors. Retail investors have access to 10,251,114 shares, representing 20 percent of the total offering, while institutional investors have been allocated the remaining 80 percent. Subscriptions can be made through a wide network of receiving banks and capital market institutions, including: Albilad Capital, Alinma Capital, Alistithmar Capital, Al-Jazira Capital, Alkhabeer Capital, Al-Rajhi Capital, ANB Capital, BSF Capital, Derayah Financial, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital. The retail subscription window will run from May 28 to June 1. Allocation will be completed by June 3 and refunds by June 5.
Arabian Business
28-05-2025
- Business
- Arabian Business
Flynas IPO attracted $109bn in orders, retail subscription open
Saudi Arabia's flynas has announced the opening of its retail subscription period for individual investors as part of its initial public Offering (IPO) on the Saudi Exchange. The final flynas offer price has been set at SR80 per share, marking the top end of the previously announced price range. This follows an overwhelming response from institutional investors, with the institutional tranche oversubscribed approximately 100 times, attracting SR409bn ($109bn) in orders from local and international investors. Flynas IPO Retail investors have access to 10,251,114 shares, representing 20 per cent of the total offering, while institutional investors have been allocated the remaining 80 per cent. Subscriptions can be made through a wide network of receiving banks and capital market institutions, including: Albilad Capital Alinma Capital Alistithmar Capital Al Jazira Capital Alkhabeer Capital Al Rajhi Capital ANB Capital BSF Capital Derayah Financial GIB Capital Riyad Capital SAB Invest Sahm Capital SNB Capital Yaqeen Capital The retail subscription window will run until Sunday, 1 June 2025. Allocation will be completed by Tuesday, June 3 and refunds by Thursday, June 5.
Argaam
27-05-2025
- Business
- Argaam
CMA approves public offering of Alinma Free-Style Equity Fund
The Capital Market Authority (CMA) approved the request by Alinma Capital for the public offering of Alinma Free-Style Equity Fund. The market regulator cautioned investors that making investment decisions without thoroughly reading the terms and conditions (T&Cs) or fully understanding their content may pose significant risks. The CMA also urged investors to carefully review the T&Cs, which include detailed information on the fund, its investment strategy, and associated risks. This review will help investors evaluate the investment's feasibility and understand the potential risks, the CMA said. It added that if the T&Cs are unclear, investors should consult the fund manager for clarification.
