Neft Alsharq IPO price range on Nomu set at SAR 3-3.6/share

21/05/2024 Argaam

Neft Alsharq IPO price range on Nomu set at SAR 3-3.6/share

Logo of Neft Alsharq Company for Chemical Industries

Yaqeen Capital, the financial advisor and lead manager on the potential offering of Neft Alsharq Co. for Chemical Industries, set the latter's IPO price range on the Nomu-Parallel Market at SAR 3-3.6 per share.

 

The book-building period for qualified investors will run from May 26 through June 2.

 

For More IPOs

 

The company plans to float 5 million shares, or 20% of its post-IPO capital of SAR 25 million, divided into 25 million shares, at SAR 1 each, according to data available with Argaam.

 

The offering will run from May 26 until June 2.

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