Aldukheil Financial Group, the financial advisor and lead manager of the initial public offering (IPO) for Group Five Pipe Saudi Ltd., announced the company's intention to offer 2.8 million shares, or 10% of its share capital, on Nomu Parallel Market.

 

According to Aldukheil’s bourse filing, the final offering price will be determined before the subscription period, which will begin on Nov. 14 and end on Nov. 18, 2021.

 

On Sept. 29, the Capital Market Authority (CMA) approved Group Five Pipe’s application to register its shares for direct listing on Nomu, Argaam earlier reported.

 

Group Five Pipe issued today, Oct. 18, the prospectus for its IPO on Nomu Parallel Market.

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