The subscription for the offering of Five Colors, a company specialized in cinema and media production, will end tomorrow, March 9, 2021, at 12:30pm, through Scopeer equity-based crowdfunding platform, which is licensed by the Capital Market Authority (CMA).
Five Colors covered 384% of the minimum limit required for the campaign success, with a participation of 633 investors.
It targets to raise a maximum of SAR 4.99 million, or a minimum of SAR 999,760. Shares are offered at SAR 303.88 each.
Subscribers can register on Scopeer.com to directly buy the offered shares, the company added, noting that the eligible investors’ accounts will be upgraded via e-mail (investors@Scopeer.com) to open the investment ceiling.
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Company Profile |
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Company |
FIVE COLORS |
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Offering Platform |
Scopeer |
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Main activities |
A company specialized in cinema and TV production of movies and series, as well as production of documentaries, advertising and promotional materials, podcasts and photography to promote products and services, in addition to renting photography studios and cinematic equipment in Saudi Arabia and across the region. |
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Capital |
SAR 500,000. |
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Number of shares |
50,000 |
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Share par value |
SAR 10 |
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Offering Summary |
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Capital after offering |
SAR 532,900 |
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Number of shares after offering |
53,290 shares at SAR 10 par value, and in the event of reaching the maximum limit, namely 500% over-subscription, the number of shares after the share sale will be 66,450. |
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Percentage of shares offered |
6.17% as a minimum 24.76% as a maximum |
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Number of shares offered |
3,290 shares as a minimum 16,453 shares as a maximum |
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Offering price |
SAR 303.88 per share, inclusive of par value |
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Total offering value |
SAR 999,760 as a minimum SAR 4.99 million as a maximum |
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Qualified subscribers |
- Retail investors - Individual professional investors - Investment firms |
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Offering minimum limit for retail investors |
SAR 1,215.52 |
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Offering maximum limit for retail investors |
SAR 19,750 |
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Offering maximum limit for professional investors |
Unlimited |
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Maximum limit for investment companies |
Unlimited |
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Date of offering opening |
Dec. 13, 2020 |
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Date of offering closing |
March 8, 2021 |
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Allocation |
Allocation will take place on a pro rata basis |
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Uses of offering proceeds |
It is expected that the total proceeds of the offering will reach a maximum of SAR 4.99 million, which will be used in the completion of the company's expansion plans, as follows: 1- Covering employee expenses in order to expand the company. 2- Covering the expenses of producing new artistic works. 3- Covering the expenses of developing and managing the application. 4- Covering the expenses of equipment and servers. 5- Covering marketing expenses. 6- Covering offering expenses. |
Investment in Five Colors Co. LLC will ensure that shareholders can double the market value of their ownership several times in the long-term as the company has strong ambitions and readiness to embark on the journey of growth in the Kingdom's film and visual content industry, officials at Five Colors told Argaam.
"Five Colors" chairperson "Mashael Nasser"
For more details about the share sale on Scopeer platform, click here.
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