Saudi Call prices IPO on Nomu at SAR 69-77/share

30/05/2023 Argaam
Logo of Saudi Call Trading Co.

Logo of Saudi Call Trading Co.

Saudi Call Trading Co. set the price range for its potential initial public offering (IPO) on Nomu-Parallel Market between SAR 69 and 77 per share, financial advisor Marifa Capital said in a statement to Tadawul.

 

The company will float 675,000 shares, or 15% of capital, on Nomu, Argaam earlier reported.

 

On March 29, the Capital Market Authority (CMA) approved Saudi Call's application to float 15% of its share capital on Nomu, according to data available with Argaam.

 

The offering will run for qualified investors from June 4-11.

 

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