Watheq Finance Company Completes Placement Process for Dar Al-Mofka Rent a Car Company

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, and set the placement price at 40 rials per share.

The company said in a statement to Tadawul Saudi Arabia today, Sunday, that the coverage level reached 1,780.34% of the total number of shares offered during the offering period.

The company had 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.