Al Mohafaza for Education final offer price set at SAR 18/share

12/03/2024 Argaam
Logo ofAl Mohafaza Company for Education

Logo of Al Mohafaza Company for Education

Al Mohafaza Company for Education's final offer price on the Nomu-Parallel Market was set at SAR 18 a share, said Yaqeen Capital, the financial advisor and lead manager on the potential IPO.

 

The company completed the offering of 1.6 million ordinary shares, with a coverage ratio of 324.09%.

 

The offer ran from Feb. 28 to March 7.

 

The price range was set between SAR 14-18 a share.

 

The offered shares represent 20% of the company's post-IPO capital and 23.88% of pre- IPO capital.

 

Yaqeen will complete the necessary procedures with the Saudi Tadawul Group and then determine the listing date on Nomu.

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