Dar Almarkabah issues prospectus for 20% IPO on Nomu

Logo of Dar Almarkabah for Renting Cars Co.

Dar Almarkabah for Renting Cars Co. issued today, July 19, its prospectus to float 500,000 shares, or 20% of its SAR 20 million capital, on Nomu-Parallel Market.

The share sale will run from August 13-17 for qualified investors.

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

Dar Almarkabah for Renting Cars Co. is a closed Saudi joint stock company, established as a sole proprietorship in 2013. It is headquartered in Riyadh.

The company's activity is represented in leasing cars with drivers and passenger cars without drivers.

The Capital Market Authority (CMA) approved on June 20, the application received from the company for the registration and offering of their shares on Nomu-Parallel Market.