‎Qualified investors start subscription to 880,000 shares of Saudi Top Trading today

‎Qualified investors start subscription to 880,000 shares of Saudi Top Trading today

Qualified investors start today, Nov. 27, subscription to 880,000 shares, or 22% of Saudi Top Trading Co.’s share capital, on Nomu-Parallel Market, with an IPO price of SAR 133 per share, determined though a book-building process.

The subscription period will run five days until Dec. 1.

Saudi Top Trading is the 16th in Nomu this year, following the listing of Gas Arabian Services Co. on Jan. 23, Raoom Trading Co. on Jan. 30, Al-Jouf Mineral Water Bottling Co. on Feb. 6, Arabian International Healthcare Holding Co. (Tibbiyah) on Feb. 15, Arabian Food & Dairy Factories Co. (FADECO) on May 11, Ladun Investment Co. and Amwaj International Co. on May 22, Saudi Networkers Services Co. on July 24, International Human Resources Co. (IHR) on July 31, Naba Alsaha Medical Services Co. on Aug. 8, Arabian Plastic Industrial Co. (APICO) on Sept. 11, AlBabtain Food on Sept. 25, Knowledge Tower on Oct. 30 as well as Molan Steel Co. and Rayan Advanced Industrial Co. on Nov. 20.

In September, 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