Saudi Call prices IPO on Nomu at SAR 69-77/share
- Date: 30-May-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Call prices IPO on Nomu at SAR 69-77/share
Saudi Call Trading Co. set the price range for its potential initial public offering (IPO) on Nomu-Parallel Market between SAR 69 and 77 per share, financial advisor Marifa Capital said in a statement to Tadawul.
The company will float 675,000 shares, or 15% of capital, on Nomu, Argaam earlier reported.
On March 29, the Capital Market Authority (CMA) approved Saudi Call's application to float 15% of its share capital on Nomu, according to data available with Argaam.
The offering will run for qualified investors from June 4-11.
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