‎Qualified investors start subscription to Dar Almarkabah’s 500,000 shares today

‎Qualified investors start subscription to Dar Almarkabah’s 500,000 shares today

Qualified investors started today, Aug. 13, subscription to 500,000 shares of Dar Almarkabah for Renting Cars Co. in its planned initial public offering (IPO) on Nomu-Parallel Market.

The offered shares represent 20% of the company's SAR 20 million capital, divided into two million shares. The price range was set between SAR x-x per share.

The subscription period will run until Aug. 17.

With Dar Almarkabah’ IPO, offerings on Nomu would reach 16 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 Company for Trade (May 14), Tam Development Co. (May 21) as well as Saudi Call Trading Co., Al Razi Medical Co. (June 4), Abdul Aziz Al-Twaijri Trading Co. (June 11), Professional Medical Expertise Co. (ProMedEx) (July 9) and Marble Design Co. (July 23).

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