‎Qualified Investors to start subscription to Meyar’s 265,400 shares today

‎Qualified Investors to start subscription to Meyar’s 265,400 shares today

Qualified investors start today, March 16, subscription to 265,400 shares of Meyar Co. on Nomu-Parallel Market, with an IPO price range of SAR … per share.

This represents 20% of Meyar’s SAR 13.27 million capital, or 25% of the company’s capital before increase amounting to SAR 10.62 million.

Existing shareholders will not receive any of the offering proceeds as they will go for the capital increase.

The offer period will run from March 19-23.

Meyar IPO is the seventh offering on Nomu in 2023, following Ghida Al-Sultan, and Foods Gate Co. on March 12, WAJA Co. on Feb. 12, KnowledgeNet Co. and Bena Steel Industries Co. on Feb. 26, as well as Horizon Food Co. on March 5.

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 Co., Molan Steel Co., Saudi Top Trading Co., Leen Alkhair Trading Co., Nofoth Food Products Co. and Alwaha