‎Qualified investors start subscription to Abdul Aziz Al-Tuwaijri’s 600,000 shares today

‎Qualified investors start subscription to Abdul Aziz Al-Tuwaijri’s 600,000 shares today

Qualified investors will start today, June 11, subscription to 600,000 of Abdul Aziz Al-Tuwaijri Trading Co.’s shares in an initial public offering (IPO) on Nomu-Parallel Market.

Offered shares represent 13.04% of Al-Tuwaijri SAR 46 million capital, divided into 4.6 million shares. The price range was set between SAR ---and SAR ----per share.

The subscription period will run until June 15.

With Abdul Aziz Al-Tuwaijri’s IPO, offerings on Nomu would reach 13 in 2023, following WAJA Co. on Feb. 12, Bena Steel Industries Co. and KnowledgeNet Co. (Feb. 26), Horizon Food Co. (March 5), Ghida Al-Sultan and Foods Gate Co. (March 12), Saudi Lime Industries Co. and Meyar Co. (March 19), AlMuneef Co. For Trade, Industry, Agriculture and Contracting (May 14), Tam Development Co. (May 21) and Saudi Call and Al Razi Medical Co. (June 4).

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