Nofoth sets price range for IPO on Nomu between SAR 135-150 per share

15/12/2022 Argaam
Logo ofNofoth Food Products Co. (Nofoth)

Logo of Nofoth Food Products Co. (Nofoth)

Nofoth Food Products Co. set the price range for its initial public offering (IPO) on Nomu-Parallel Market between SAR 135 and SAR 150 per share, Yaqeen Capital, the financial advisor and lead manager, said in a statement to Tadawul.

 

The final offer price will be set after the completion of the book-building process, which will run for qualified investors from Dec. 18-22.

 

 

In October, the Capital Market Authority (CMA) approved the application received from the company to register its shares for direct listing on Nomu, Argaam earlier reported.

 

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