Introduction

Watheq Finance Company, the financial adviser for the placement of shares of Dar Al-Mofka Rent a Car Company on the Nomu parallel market, announced the completion of the placement process of 500,000 shares, which is 20% of the company’s capital.

Placement Price

The placement price has been set at 40 rials per share.

Coverage Level

The company reported a coverage level of 1,780.34% of the total number of shares offered during the offering period.

Equity and Subscription Period

The company now has 20% equity after the subscription of 20 million riyals divided into two million shares. The subscription period for qualified investors lasted 5 days and ended on Thursday, August 17th.