AlMuneef sets SAR 60-70/share price range for Nomu IPO

11/05/2023 Argaam

AlMuneef sets SAR 60-70/share price range for Nomu IPO

Logo of AlMuneef Co. For Trade, Industry, Agriculture and Contracting

AlMuneef Co. for Trade, Industry, Agriculture and Contracting set the price range for its initial public offering (IPO) on Nomu-Parallel Market between SAR 60-70 per share, Yaqeen Capital, the financial advisor and lead manager, said in a statement to Tadawul.

 

The book-building process for qualified investors will run from May 14-18, 2023.

 

The company plans to float 760,000 ordinary shares, or 20% of its issued capital.

 

A total of 760,000 ordinary shares, or 100% of the total offer shares, will be allocated to qualified investors. The minimum and maximum IPO limits are 10 and 190,000 shares, respectively.

 

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