‎Qualified investors start subscription to Marble Design’s 600,000 shares today

‎Qualified investors start subscription to Marble Design’s 600,000 shares today

Qualified investors started today, July 23, subscription to 600,000 shares of Marble Design Co. in an initial public offering (IPO) on Nomu-Parallel Market.

The offered shares represent 10% of the company's SAR 60 million capital, divided into 6 million shares. The price range was set between SAR - and SAR - per share.

The subscription period will run until July 27.

With Marble Designs IPO, offerings on Nomu would reach 15 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) and Professional Medical Expertise Co. (ProMedEx) (July 9).

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