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Al Mohafaza for Education sets IPO price range at SAR 14-18/share on Nomu
27/02/2024
Argaam
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Logo of Al Mohafaza Company for Education
Yaqeen Capital, the financial advisor and lead manager on the initial public offering (IPO) of Al Mohafaza Company for Education on the Nomu-Parallel Market, set the offering price range between SAR 14 and 18 per share.
The book-building process for qualified investors has commenced, according to a statement to Tadawul.
Al Mohafaza for Education earlier announced plans to float 1.6 million shares on Nomu, constituting 20% post-offering and 23.88% pre-offering capital, according to data available on Argaam.
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Market Indices
NOMU
24,093.12
449.38
1.90 %
Quotes
ALMOHAFAZA FOR EDUCATION
27.40
0.00
0.00%
Call Request
Comments Analysis: