Mufeed issues prospectus to float 600,000 shares on Nomu

10/10/2024 Argaam
Logo ofMufeed Co.

Logo of Mufeed Co.


Mufeed Co. issued today, Oct. 10, the prospectus to list 600,000 shares, representing 10% of capital, on Nomu-Parallel Market.
 
The Capital Market Authority (CMA) approved, on June 05, the company's application to float its shares on Nomu.
 
 

The offering period for qualified investors will run from Nov. 03, till Nov. 11, 2024.


The share sale will be limited to qualified investors as stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.


The company's actual activity is represented in organizing, implementing and holding various events, providing lighting and sound systems and display screens for events, providing all equipment and designs for exhibitions and theaters, documenting the events, photography and television broadcasting, and implementing marketing campaigns.

The company's activities, as stated in its commercial register, are to rent film production equipment, book and sell tickets for various events, and organize and manage exhibitions, conferences, their facilities and crowds.
 

Company Profile 

Company 

Mufeed Co.

Market 

Nomu Parallel Market 

Core Activities 

Organizing and holding events, exhibitions and their requirements

Pre-IPO Capital

SAR 60 mln

Number of shares 

6 mln shares

Post-IPO Capital

SAR 66 mln

Number of shares after IPO

6.6 mln

Share Par Value 

SAR 10/share

 

IPO Summary

Issue Percentage

10% of pre-IPO capital 9.09% of post-IPO capital

Offered shares

600,000 shares

IPO Minimum Limit

10 shares

IPO Maximum Limit

329,990 shares

Offer period

From Sunday, Nov. 3-11, 2024

Final Allocation

Nov. 14, 2024

Refund (if any)

Nov. 18, 2024

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.