Dar Almarkabah sets Nomu IPO price range at SAR 33-40/share

10/08/2023 Argaam
Logo of Dar Almarkabah for Renting Cars Co.

Logo of Dar Almarkabah for Renting Cars Co.


Dar Almarkabah for Renting Cars Co. set the price range for its initial public offering (IPO) on Nomu-Parallel Market between SAR 33 and SAR 40 per share, Watheeq Capital, the financial advisor, said in a statement to Tadawul.

 

The book-building process for qualified investors will run from Aug. 13-17.

 

The company plans to float 500,000 ordinary shares, or 20% of its issued capital after top-up, on Nomu, Argaam’s data showed.

 

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