Osool & Bakheet sets price range for IPO on Nomu at SAR 37-45/share

Logo of Osool & Bakheet Investment Co. (OBIC)

Osool & Bakheet Investment Co. (OBIC) set the price range for its initial public offering (IPO) on the Nomu-Parallel Market between SAR 37 and SAR 45 per share, said Amwal Financial, the financial advisor on the offering.

 

The book-building period for qualified investors will run from Oct. 15-19.

 

The company will float 1.5 million shares, or 18.52% of its post-IPO capital of SAR 81 million, which is divided into 8.1 million shares.

 

OBIC will issue 2.1 million new shares, representing 25.92% of its post-increase capital, of which 1.5 million shares will be offered to qualified investors. A total of 600,000 shares, representing about 7.40% of capital, will be allocated to the employee incentive program as treasury shares.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Osool & Bakheet issues prospectus to offer 1.5 mln shares on Nomu

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request