‎Qualified investors start subscription to Saudi Call’s 675,000 shares today

‎Qualified investors start subscription to Saudi Call’s 675,000 shares today

Saudi Call Trading Co. starts today, June 4, the subscription by qualified investors to 675,000 shares in an initial public offering (IPO) on Nomu-Parallel Market.

The shares offered represent 15% of Saudi Call’s SAR 45 million capital, or 4.5 million shares. The price range was set between SAR 69 and SAR 77 per share.

The subscription period will run until June 11.

With the IPOs of Saudi Call and Al Razi Medical Co., which is also taking place today, offerings on Nomu reach 12 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), and Tam Development Co. (May 21).

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