Mulkia Investment’s IPO on Nomu 239.6% covered

05/11/2023 Argaam

Mulkia Investment’s IPO on Nomu 239.6% covered

Logo of Mulkia Investment Co.

Mulkia Investment Co.’s initial public offering (IPO) on Nomu-Parallel Market of 1.3 million shares, or 20% of capital, was 239.56% covered, financial advisor AlJazira Capital said in a statement to Tadawul today, Nov. 5.

 

The offering price was set at SAR 38 per share, it added.

 

AlJazira Capital will complete all the necessary related procedures and regulatory requirements as per Tadawul’s rules to set the debut date on Nomu.

 

Qualified investors started on Oct. 22 subscription to Mulkia Investment’s 65 million share capital (SAR 6.5 million) on Nomu, according to Argaam's data.

 

For More IPOs

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