Shmoh Almadi to IPO 1.4M shares on Nomu

04/12/2024 Argaam
Shmoh Almadi Co. intends to offer 1.4 million shares, or 14.89% of post-IPO capital in an initial public offering (IPO) on Nomu- Parallel Market, Value Capital, the IPO financial advisor and lead manager said in a statement to Tadawul

In September, the Capital Market Authority (CMA) approved the company's application to float its shares on the Parallel Market.
The offering price will be determined after the book-building process. 
 
The share sale will run for eight working days from Dec. 24 to Dec. 31, 2024.

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