Leen Alkhair announces price range for Nomu offering

Leen Alkhair announces price range for Nomu offering

Riyadh - Mubasher: Leen Alkhair Trading Company set the price of its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at a range of SAR 65-69 per share.

The Saudi firm plans to trade 958,750 ordinary shares, accounting for 23.50% of the issued share capital, according to a bourse disclosure.

Meanwhile, each eligible investor can apply for a minimum number of 10 shares, while the maximum amount has been set as 203,979 shares.

Yaqeen Capital, the financial advisor and lead manager for the potential transaction, indicated that the bidding and book-building period would take place during 4-8 December 2022.

It is noteworthy to mention that the Capital Market Authority (CMA) passed Leen Alkhair’s Nomu listing on 28 September this year.