Qualified investors start subscription to Munawla Cargo’s 200,000 shares today

Logo of Munawla Cargo Co.

Qualified investors start today, Aug. 27, subscription to 200,000 shares of Munawla Cargo Co. in its planned initial public offering (IPO) on Nomu-Parallel Market at SAR 110 a share.

The offered shares represent 20% of the company's post-IPO capital of SAR 10 million, divided into 1 million shares.

The subscription period will run until Aug. 31.

With Munawla’s IPO, offerings on Nomu would reach 17 in 2023, following WAJA Co. on Feb. 12, Bena Steel Industries Co. and KnowledgeNet Co. (Feb. 26), Horizon Food Co. (March 5), Ghida Al-Sultan and Foods Gate Co. (March 12), Saudi Lime Industries Co. and Meyar Co. (March 19), Almuneef Company for Trade (May 14), Tam Development Co. (May 21) as well as Saudi Call Trading Co. and Al Razi Medical Co. (June 4), Abdul Aziz Al-Twaijri Trading Co. (June 11), Professional Medical Expertise Co. (ProMedEx) (July 9), Marble Design Co. (July 23) and Dar Almarkabah for Renting Cars Co. (Aug. 13).

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.,