‎Qualified investors start subscription to 640,000 Ghida Al-Sultan shares today

‎Qualified investors start subscription to 640,000 Ghida Al-Sultan shares today

Qualified investors start today, March 12, subscription to 640,000 shares, or 20% of the share capital of Ghida Al-Sultan Co., on Nomu-Parallel Market, with an IPO price of SAR 84 per share.

The subscription period will run eight days until March 19.

The IPOs of Ghida Al-Sultan and Foods Gate Co., that run in conjunction today, are considered the fifth and sixth 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.

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 Dec. 5, 2022, the Capital Market Authority (CMA) approved Ghida Al-Sultan’s application to offer shares on Nomu.

The subscription is limited to certain categories of investors, including capital market