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الاقتصادية
Source: الاقتصادية
1 Dayالاقتصادية
Source: الاقتصادية
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The Saudi Capital Market Authority’s Board has approved new provisions to improve IPOs. They limit proof of financial solvency to cash and cash equivalents, and make the last outstanding order after bookbuilding ends binding for payment, with the order counted at the lower prices within the price range. The amendments also require the underwriter to sign an effective agreement before bookbuilding begins, and companies to include forecasts for financial performance indicators covering at least one year in the prospectus or registration document. The provisions are intended to make orders more realistic and help investors assess companies, though they may result in lower subscription coverage ratios and increase the underwriter’s risk.
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