Multi Business Group sets IPO price range at SAR 13-15/share on Nomu

09:52 AM (Mecca time) Argaam
Logo ofMulti Business Group for Projects Co. (MBG)

Logo of Multi Business Group for Projects Co. (MBG)

Multi Business Group for Projects Co. (MBG) set the price range for its initial public offering on the Nomu-Parallel Market between SAR 13 and SAR 15 per share, Amwal Financial said in a statement to Tadawul today, Nov. 5.

 

For More IPOs

 

Any relevant updates will be duly announced on the Tadawul website.

 

MBG plans to sell three million shares, or 25% of its pre-IPO capital (or 20% of its capital following the IPO), to the public.

 

The share sale will run from Nov. 12-18.

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