Alramz Real Estate to sell 3.33 mln shares in IPO on Nomu

17/11/2022 Argaam
Logo ofAlramzReal EstateCo.

Logo of Alramz Real Estate Co.

Alramz Real Estate Co. plans to offer 3.33 million ordinary shares, or 10% of its capital, on Nomu-Parallel Market, ANB Capital, the financial advisor, bookrunner and lead manager on the potential offer, said in a filing to Tadawul.

 

The Saudi Exchange (Tadawul) and Capital Market Authority (CMA) approved the company’s application to list shares on Nomu on May 30 and Oct. 17, respectively.

 

The final offer price will be determined through the book-building.

 

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