Meyar sets Nomu IPO price range at SAR 53-59/share

16/03/2023 Argaam
Logo of Meyar Co.

Logo of Meyar Co.

Yaqeen Capital Co., as the financial advisor and lead manager on the initial public offering (IPO) of Meyar Co. on Nomu-Parallel Market, announced setting the price guidance for the potential offering between SAR 53-59 per share.

 

In a statement to Tadawul today, March 16, the company said the book-building period for qualified investors will run between March 19-23.

 

The offering represents 20%, or 265,400 ordinary shares, of Meyar’s share capital. This is equal to 25% of the company’s post-increase capital.

 

As much as 100% of the total offer shares (265,400 shares) will be earmarked to qualified investors.

 

Each qualified investor can subscribe to a minimum and maximum of 10 and 66,340 shares, respectively.

 

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