UMI sets price range between SAR 31-34/share for IPO on Nomu

21/09/2023 Argaam
Logo ofUnited Mining Industries (UMI)

Logo of United Mining Industries (UMI)

United Mining Industries Co. (UMI) set the price range for its initial public offering (IPO) on the Nomu-Parallel Market at SAR 31-34 per share, said AlKhair Capital Saudi Arabia, the financial advisor and lead manager on the potential offering.

 

The book-building process for qualified investors will run from Sept. 26 to Oct. 2, according to a statement on Tadawul.

 

The company plans to float 1.75 million shares on Nomu, representing 12.5% of its capital reaching SAR 140 million, Argaam earlier reported.

 

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