Public Warehousing extends IPO to Oct. 31

Public Warehousing Company has extended the subscription period for its initial public offering (IPO) on the Nomu Parallel Market until Oct. 31 instead of Oct. 15, the company said in a statement.

The company has planned to offer 1.29 million shares, or 30 percent of capital, which will increase its total shares to 4.29 million shares at a set price of SAR 10 per share.

Financial advisor and lead manager, Aljazira Capital, has invited qualified investors to an introductory session about the company’s investments at the Four Seasons Hotel on Monday Oct. 23.

Allotment date will be by Thursday, Nov. 9.