Hedab Alkhaleej IPO price range on Nomu at SAR 48-52/share

10:16 AM (Mecca time) Argaam
Logo ofHedab Alkhaleej Trading Co.

Logo of Hedab Alkhaleej Trading Co.

Yaqeen Capital, the financial advisor and lead manager for the potential initial public offering (IPO) of Hedab Alkhaleej Trading Co. set the offering price range on the Nomu-Parallel Market between SAR 48 and SAR 52 per share.

 

The book-building period for qualified investors will run from Feb. 16 to Feb. 20.

 

For More IPOs

 

The company will float 800,000 shares, or 11.94% of its pre-IPO capital and 10.67% of its post-IPO capital, on Nomu.
 
The company's pre-IPO capital stands at SAR 67 million, divided into 6.7 million shares, with a nominal value of SAR 10 each.

 

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