Pan Gulf Marketing extends IPO on Nomu to Jan. 29

Logo of Pan Gulf Marketing Co.

Pan Gulf Marketing Co. extended the subscription period for its initial public offering on Nomu-Parallel Market to Jan. 29. 

The company previously set the subscription period from Jan. 10 to Jan. 18. 

Today, Jan. 18, it issued a complementary prospectus for amending the subscription date. 

Pan Gulf Marketing, which operates in purchasing, importing and exporting stationery and office supplies stationery products, floated 600,000 shares, or 12% of its SAR 50 million capital divided into five million shares. 

The offering price range was set between SAR 51-59 per share.