Yaqeen Capital sets Al-Rasheed's IPO price range on Nomu at SAR 22-28/share

22/04/2024 Argaam
Logo of Mohammed Hadi Al-Rasheed Co.

Logo of Mohammed Hadi Al-Rasheed Co.

Yaqeen Capital Co., the financial advisor and lead manager for the potential initial public offering (IPO) of Mohammed Hadi Al-Rasheed Co., set the offering price range on the Nomu-Parallel Market at SAR 22-28 per share.

 

According to the subscription data on Argaam, Al-Rasheed intends to offer SAR 1.44 million ordinary shares to qualified investors on Nomu, representing 12% of the company's issued capital, which will be sold by the current shareholders.

 

For More IPOs

 

The book-building period for qualified investors will run from April 28 until May 6.

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