‎Qualified investors start subscription to 600,000 Bena Steel shares today

‎Qualified investors start subscription to 600,000 Bena Steel shares today

Qualified investors start today, Feb. 26, subscription to 600,000 shares, or 12% of Bena Steel Industries Co. share capital, on Nomu-Parallel Market. The initial public offering (IPO) price range was between SAR 50-52 per share.

The subscription will run for five days until March 2.

Share subscription for Knowledge Net Co. also starts today on Nomu, following WAJA Co. IPO that took place on Feb. 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., International Human Resources Co. (IHR), Naba Alsaha Medical Services Co., Arabian Plastic Industrial Co. (APICO), AlBabtain Food, Knowledge Tower as well as Molan Steel Co., Saudi Top Trading Co., Leen Alkheir Trading Co., Nofoth Food Products and Alwaha REIT Fund.

On Nov. 2, 2022, the Capital Market Authority (CMA) approved the company’s application to offer shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own account, as well as clients of capital market institutions authorized to carry out management operations, provided that they are