Wajd Life sets Nomu IPO price range

Logo of Wajd Life Trading Co.

Wajd Life Trading Co. set the price range for the initial public offering (IPO) on the Nomu-Parallel Market between SAR 5.50 and SAR 5.70 per share, Yaqeen Capital, the financial advisor and bookrunner, said in a statement to Tadawul.

 

According to Argaam’s data, the company plans to float 2.5 million shares on Nomu. The offered shares represent 20% of Wajd Life’s SAR 12.5 million post-IPO capital.

 

For More IPOs

 

The book-building period will run from Aug. 31 to Sept. 4.

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