Munawla sets offering price on Nomu at SAR 110/share

22/08/2023 Argaam
Logo ofMunawla Cargo Co.

Logo of Munawla Cargo Co.


Watheeq Capital, the financial advisor on the initial public offering (IPO) of Munawla Cargo Co. on Nomu-Parallel Market, announced that the offering price was set at SAR 110 per share. 

 

The IPO will run on Aug. 27-31, the company said in a statement on Tadawul

 

According to data compiled by Argaam, Munawla issued in July its prospectus to float 200,000 shares, or 20% of its SAR 10 million capital, on Nomu. 

 

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.