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