Rayan Advanced Industrial’s offering, share allocation complete

Logo of Rayan Advanced Industrial Co.

Rayan Advanced Industrial Co. successfully completed the share offering as well as the allocation of shares to institutional and individual qualified investors, Aldukheil Financial Group, financial advisor for the company’s initial public offering (IPO) on Nomu-Parallel Market said in a statement to Tadawul.

 

Surplus, if any, will be refunded on Dec. 8, 2022, according to the supplementary prospectus.

 

Aldukheil Financial will finalize the required procedures with the Saudi Exchange (Tadawul) and will then determine the date of listing shares on Nomu.

 

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