Munawla Cargo IPO 2,113.4% covered

04/09/2023 Argaam
Logo ofMunawla Cargo Co.

Logo of Munawla Cargo Co.


Watheeq Capital, the financial advisor on Munawla Cargo Co.'s initial public offering (IPO) on Nomu-Parallel Market, announced the completion of the offering. A total of 200,000 shares were floated, representing 20% of the company's capital.

 

In a statement to Tadawul, Watheeq added that the offering price was set at SAR 110 per share, with a coverage ratio of 2,113.4%. 

 

The IPO ran from Aug. 27-31.

 

The financial advisor noted that it will complete the necessary procedures with the Saudi Tadawul Group to determine the stock listing date.

 

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.