MSGA sets Nomu IPO offer price at SAR 6/share

MSGA plans to offer 11.11 million shares, representing 10% of its capital post-IPO. 

Yaqeen Capital Co., the financial advisor and lead manager, set the sale price for the initial public offering (IPO) of MSGA Investment Co. on the Nomu-Parallel Market at SAR 6 per share. ⁠

The company plans to offer 11.11 million shares, representing 10% of its capital after the offering and capital increase, compared to 11.11% before the offering, according to Argaam’s data.

The Capital Market Authority (CMA) approved in March 2026 MSGA Investment’s application to register its shares and offer them on Nomu.

The offering is limited to qualified investors, with the subscription period running for six business days, from June 17 to June 24, 2026.

The company will allocate the entire net proceeds from the offering to implement its expansion plan aimed at establishing a market presence and achieving sustainable growth.

Founded in 2020 in Riyadh, MSGA Investment operates in real estate development and investment, focusing on developing and constructing residential and non-residential units.