DKHOUN's Nomu IPO 119% covered

05:05 PM (Mecca time) Argaam
Logo ofDkhoun National Trading Co. (DKHOUN)

Logo of Dkhoun National Trading Co. (DKHOUN)

Saudi Kuwaiti Finance House (SKFH), the financial advisor and lead manager for the initial public offering (IPO) of Dkhoun National Trading Co. (DKHOUN) on the Nomu-Parallel Market, announced the completion of the offering of 400,000 shares, or 20% of the company’s capital.
 
Qualified investors subscribed in full to the shares offered.
 
 

In a statement to Tadawul, the brokerage said the offering was SAR 121 per share, with a coverage rate of 119.19% and 545 subscribers.

 

SKFH will finalize the required procedures with Saudi Tadawul Group Holding Co. (Tadawul Group), before determining DKHOUN’s debut date.

 

According to data available with Argaam, qualified investors began on May 4, subscribing to 400,000 shares of Dkhoun on Nomu. The price was set at SAR 121 per share.

 

The offering represents 20% of the company’s capital, which stands at SAR 20 million, divided into two million shares with a nominal value of SAR 10 each.

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