Here’re receiving banks for Morabaha Marina IPO

28/05/2023 Argaam
Logo ofMorabaha Marina Financing Co.

Logo of Morabaha Marina Financing Co.


Retail investors start today, May 28, subscribing to 2.14 million shares of Morabaha Marina Financing Co. (MMFC) at SAR 14.60 per share. The price was set through the book-building process.

 

The company floated 21.43 million shares, or 30% of its SAR 714.29 million capital after increase, on the Saudi Exchange (Tadawul). The offer shares represent nearly 42.86% of the company’s SAR 500 million capital before increase.

 

The list of the receiving banks for the IPO includes Al Rajhi Bank, Riyad Bank, Alinma Bank and Bank Albilad.

 

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

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.