Riqueza for
Financial Consultancy prepares private and public prospectus,
examines the company's financial, administrative and legal file and completes
all the required data for the prospectus.
About prospectus
What is prospectus offering and its importance?
- It is the process of
offering company's shares for subscription to increase capital without
incurring any debts upon company as a result of borrowing from banks or selling
any of company's properties.
- Offering in
general helps to expand the base of companies registered in the stock exchange
in order to provide investment options.
How is the process of Offering and Subscription executed ?
1-
The Board of Directors meeting shall be held in order to determine
the quantity and the price of the offering; and shares' classes to be offered
in the stock exchange.
2-
Obtaining the approval of regulators and issuance of the
prospectus by Capital Market Authority.
3-
To determine the bank receiving the subscription and then offering
shares to public investors either by private offering which is limited to a
certain category of investors (such as old investors); or (public offering) in
which the offering is public to all investors without exception.
4-
Allocation of shares to subscribers and then the ownership of
these shares that have been allocated to them.
Prospectus and its importance
This is a statement to
be submitted to Financial Regulatory Authority, whereas the prospectus includes
important information detailed about the company that helps the investor to
make a decision about investment in intended securities. The company willing to
offer its shares has to provide required information in a clear, accurate and
understandable way without containing any unrelated information.
The prospectus must contain the following data:
Company's Name – Its
Capital – Kind of equity – Nominal Value of shares – Number of shares -
Date of plenary meeting – Number of Approval of issuance - Approvals of
the official bodies - Place of subscription - Copies certified by the official
bodies - Annual financial statements