Abdul Aziz Al-Twijri prices IPO on Nomu at SAR 60-63/share

08/06/2023 Argaam

Abdul Aziz Al-Twijri prices IPO on Nomu at SAR 60-63/share

Logo of Abdul Aziz Al-Twijri Trading Co.

Abdul Aziz Al-Twijri Trading Co. set the price range for its initial public offering (IPO) on Nomu-Parallel Market between SAR 60 and SAR 63 per share, Yaqeen Capital, the financial advisor and lead manager on the potential share sale, said in a statement to Tadawul.

 

The book-building process for qualified investors will run from June 11-15.

 

The company plans to float 600,000 ordinary shares, or 13.04% of its issued capital, after a capital increase. The shares on offer represent 15% of the company’s capital before increase.

 

In February, the IPO prospectus was issued by Yaqeen Capital, according to data available with Argaam.

 

On March 29, the Capital Market Authority (CMA) approved the company's application to offer and list its shares on Nomu.

 

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