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Capital Investments- Wednesday, March 7, 2018
Arabia Falcon Insurance IPO opens for subscription Arabia Falcon Insurance Co. (AFIC) is banking on the merger between Falcon Insurance Company and Arabia Insurance for the success of their Initial Public Offering (IPO), which opened for subscription on Tuesday. Part of the region’s oldest insurance group, the company announced the opening of its IPO for public subscription. It will close on April 2, 2018. Through its IPO, Arabia Falcon Insurance is offering 25 million shares at a price of 190 baiza per share, comprising a nominal value of 100 baiza per share, premium of 88 baiza, and offer expenses of 2 baiza per share. Arabia Falcon Insurance has appointed Ubhar Capital as the financial advisor and issue manager for the IPO, which represents an offer of 25 per cent of the total share capital of the company.
Country :
Report Type :
Daily
Report Date :
Wednesday, March 7, 2018
Provided by :
Report Size :
657


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