Riyal Motors sets IPO price at SAR 42/share on Nomu

25/09/2023 Argaam

Riyal Motors sets IPO price at SAR 42/share on Nomu

Logo of Riyal Investment and Development Co. (Riyal Motors)

Aldukheil Financial Group (AFG), the financial advisor for the initial public offering (IPO) of Riyal Investment and Development Co. (Riyal Motors) on the Nomu-Parallel Market, announced that the offering price is SAR 42 per share.

 

The subscription period will begin on Oct. 1 and end on Oct. 5, 2023, the company said in a statement to Tadawul.

 

Riyal Motors recently announced the release of a prospectus for the offering of 720,000 shares, representing 9% of its share capital, on Nomu, according to data available on Argaam. 

 

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