Al Mohafaza for Education sets IPO price range at SAR 14-18/share on Nomu

Logo of Al Mohafaza Company for Education

Yaqeen Capital, the financial advisor and lead manager on the initial public offering (IPO) of Al Mohafaza Company for Education on the Nomu-Parallel Market, set the offering price range between SAR 14 and 18 per share. 

  

The book-building process for qualified investors has commenced, according to a statement to Tadawul. 

  

Al Mohafaza for Education earlier announced plans to float 1.6 million shares on Nomu, constituting 20% post-offering and 23.88% pre-offering capital, according to data available on Argaam.

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