Yaqeen Capital extends IPO on Nomu to May 23

Logo of Yaqeen Capital

Yaqeen Capital announced today, May 13, a supplementary prospectus for its initial public offering on Nomu-Parallel Market.

For More IPOs

The company amended the dates for refunding the surplus and announcing the final allocation.

The company said that the amendments included that the minimum and maximum limits for subscription per each qualified investor will be 10 shares and 749,990 shares, respectively.

Subscription to the offered shares will be by submitting an application electronically through the website of the IPO manager during the subscription period. Refunds will be made directly to the trust account for the IPO according to the instructions contained in the subscription form.

According to Article 97 of the Securities Listing Rules and Continuing Obligations issued by the Capital Market Authority (CMA), a supplementary prospectus must be submitted to the authority if the issuer becomes aware at any time after the date of publication of the prospectus and before the completion of the IPO of any of the following:

- There is a material change in fundamental matters contained in the prospectus.

- The emergence of any significant issues that should have been included in the prospectus.

According to Argaam's data, the company will float 3 million shares, or 20% of capital, on Nomu-Parallel Market.