Multi Business Group’s IPO documents available for review from Nov. 3

30/10/2024 Argaam
Logo ofMulti Business Group (MBG)

Logo of Multi Business Group (MBG)

Multi Business Group’s (MBG) IPO documents will be accessible for review from Nov. 3 until Nov. 18—the last day for subscription, said Amwal Capital, financial advisor on the company’s potential initial public offering (IPO).

 

In a statement on Tadawul, the financial advisor said that the offering price or IPO price range and book building will be announced before the start of the offering period.

 

For More IPOs

 

Also, all offering announcements and results will be announced on the Saudi Exchange (Tadawul) website.

 

According to data available on Argaam, MBG intends to float three million shares, or 25% of its pre-IPO capital, on Nomu-Parallel Market.

 

The company’s current capital stands at SAR 12 million, divided into 12 million shares at a nominal value of SAR 1 each.

 

After the offering and capital increase, the offer shares will represent 20% of MBG’s post-IPO capital.

 

The offering will run for five working days from Nov. 12-18.

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