Al Mohafaza for Education final offer price set at SAR 18/share

12/03/2024 Argaam

Al Mohafaza for Education final offer price set at SAR 18/share

Logo of Al Mohafaza Company for Education

Al Mohafaza Company for Education's final offer price on the Nomu-Parallel Market was set at SAR 18 a share, said Yaqeen Capital, the financial advisor and lead manager on the potential IPO.

 

The company completed the offering of 1.6 million ordinary shares, with a coverage ratio of 324.09%.

 

The offer ran from Feb. 28 to March 7.

 

The price range was set between SAR 14-18 a share.

 

The offered shares represent 20% of the company's post-IPO capital and 23.88% of pre- IPO capital.

 

Yaqeen will complete the necessary procedures with the Saudi Tadawul Group and then determine the listing date on Nomu.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read