Abdul Aziz Al-Tuwaijri to float 13.04% of capital on Nomu

Yaqeen Capital, in its capacity as the financial advisor and lead manager on the potential initial public offering (IPO) of Abdul Aziz Al-Tuwaijri Trading Co., announced the latter’s plan to float 600,000 ordinary shares, or 13.04% of its share capital, on Nomu-Parallel Market.

In a statement to the Saudi Exchange (Tadawul), the company noted the approval of Tadawul on its listing request was obtained on Jan. 1, 2023. It received the Capital Market Authority’s (CMA) nod on March 29, 2023.

The final offering price will be determined after the book-building period.

The offer period will run from June 11-15, the statement added.