‎Qualified investors start subscription to 958,750 shares of Leen Alkhair today

‎Qualified investors start subscription to 958,750 shares of Leen Alkhair today

Qualified investors start today, Dec. 4, subscription to 958,750 shares, or 23.5% of Leen Alkhair Trading Co.’s share capital, on Nomu-Parallel Market. The initial public offering (IPO) was priced between SAR 65 and SAR 69 per share.

The subscription period will run five days until Dec. 8.

Leen Alkhair’s current shareholders will sell 550,770 shares, or 13.50% of the company’s capital post-IPO.

A total of 407,980 new shares will be issued to increase capital from SAR 36.72 million (3.67 million shares) to SAR 40.8 million (4.08 million shares) after the offering.

Leen Alkhair’s IPO is the 17th on 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., Rayan Advanced