ITMAM Consulting sets IPO price range on Nomu at SAR 13-15/shr

Logo of ITMAM Consulting Co.

ITMAM Consulting Co. set the price range for its potential initial public offering on the Nomu-Parallel Market between SAR 13 and SAR 15 per share, financial advisor and underwriter Yaqeen Capital said.

The book-building process for qualified investors will start on Jan. 5, 2025 and continue until Jan. 12, 2025, the company said in a statement on Tadawul.

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According to data available with Argaam, ITMAM Consulting plans to offer three million shares on Nomu, representing 15% of its pre-offering capital. The company's current capital is SAR 20 million (nearly 14.29% of its post-offering capital), with a nominal value of SAR 1 per share.