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

30/05/2023 Argaam

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

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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