‎Qualified investors start subscription to 2 mln of Saudi Lime shares today

‎Qualified investors start subscription to 2 mln of Saudi Lime shares today

Qualified investors start today, March 16, subscription to two million shares, or 9.09% of the share capital of Saudi Lime Industries Co., on Nomu-Parallel Market, between SAR 15 and SAR 17 per share.

The subscription period will run five days until March 23.

The IPOs of Saudi Lime and Meyar Co., simultaneously today, are the seventh and eighth IPO witnessed on Nomu during 2023. They followed WAJA Co. on Feb. 12, KnowledgeNet Co. and Bena Steel Industries Co. on Feb. 26, as well as Horizon Food Co. on March 5 and Foods Gate and Ghida Al-Sultan Co. on March 12.

Nomu saw 19 IPOs last year, including Gas Arabian Services Co., Raoom Trading Co., Al-Jouf Mineral Water Bottling Co., Arabian International Healthcare Holding Co. (Tibbiyah), Arabian Food & Dairy Factories Co. (FADECO), Ladun Investment Co., Amwaj International Co., Saudi Networkers Services Co. (SNS), International Human Resources Co. (IHR), Naba Alsaha Medical Services Co., Arabian Plastic Industrial Co. (APICO), Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food), Knowledge Tower Trading Co., Molan Steel Co., Saudi Top Trading Co., Leen Alkheir Trading Co., Nofoth Food Products Co. and Alwaha REIT Fund.

In December 2022, the Capital Market Authority (CMA) approved Foods Gate’s application to offer and