The delegation, which included a number of employees of the Saudi Stock Exchange under its Chief Executive Officer Adel Al-Ghamdi, Capital Market Authority and representatives of the major exporters in the Kingdom, sought to promote awareness and shed light on the Saudi market before investors at the international level, in addition to the participation in bilateral meetings and talks with regional officials and leaders in the private sector, and
qualified institutional investors looking to enter the Saudi market.
Marathon Capital said it will be seeking additional cash equity from
qualified institutional investors to invest alongside Tenor Capital's investors.
The shares would be offered to public investors through a book building process wherein 50 per cent of the net issue would be allotted on a proportionate basis to
qualified institutional investors while the company may allocate up to 60 per cent of the QIB portion to anchor Investors on a discretionary basis.
Offers will be made to investors in (i) an Egyptian public offering (15 per cent of the Offering, equivalent to 90 million shares), as well as (ii) through a private placement to
qualified institutional investors in a number of countries, including Egypt (85 per cent of the Offering, equivalent to 510 million shares) (the "Institutional Offering").
UniPixel has completed a USD 15m senior secured convertible note offering with
qualified institutional investors. Upon UniPixel meeting certain requirements, including filing a registration statement and receiving shareholder approval of the financing, the institutional investors have committed to purchase an additional USD 5m in senior secured convertible notes, raising the total gross proceeds from the offering to USD 20m.
Qualified institutional investors will be eligible to buy 60%of the 2.53bn shares on offer at 1 dirham each.
About 30 per cent of the IPO is being made available to individual investors and 70 per cent to
qualified institutional investors, subject to demand, EMG said.
These shareholders, grouped under the umbrella of the "Center for the Protection of Rights of Shareholders and Investors of Cypriot Banks" said that their stakes will be diluted after any capital increase and that they were disqualified from participating in the private placement to "certain institutional investors in the European Union who are 'qualified investors' and similarly
qualified institutional investors in other jurisdictions."
The certificates will be offered to
qualified institutional investors in the United States.
Benchmark-sized is typically at least $500 million, and the sale will be open to
qualified institutional investors in the United States as it will be 144acompliant.
Annualized ROR is 6.17% on the bond's Class A (EFFMBFA HK), and 6.7% on its Class I (EFFMBFI HK), putting E Fund Management firmly ahead of its other three competitors under the Renminbi
Qualified Institutional Investors Program (RQFII).
In parallel to the imminent inauguration of renminbi businesses, the Central Bank of China (CBC) has proposed to People's Bank of China the establishment of renminbi flowing-back mechanism, including redeposit of renminbi deposit in mainland China and opening up of RQFII (renminbi
qualified institutional investors), to facilitate the establishment of renminbi market.
