Yaqeen Capital’s IPO on Nomu 105% subscribed

Logo of Yaqeen Capital 

Alinma Investment Co., the financial advisor on the initial public offering (IPO) of Yaqeen Capital on Nomu-Parallel Market, announced completing the offering of three million ordinary shares, or 20% of the company's capital. 

 

Qualified investors fully subscribed to offered shares.

 

For More IPOs

  

Details of Qualified Investors Subscription

Offer Price

SAR 40

Offered Shares

3 mln (20% of capital)

Coverage Ratio (%)

105.07%
 

The company said, in a statement to Tadawul today, May 28, that it will finalize the necessary procedures with Saudi Tadawul Group Co. and then set the IPO date on Nomu. 

  

According to Argaam's data, the company floated three million shares, or 20% of capital, on Nomu. Subscription, which ran for 19 days and ended on May 23, was limited to qualified investors.

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