Bena Steel Industries sets Nomu IPO price range at SAR 50-52/share

Logo of Bena Steel Industries Co.

Bena Steel Industries Co. set the initial public offering (IPO) price range at SAR 50-52 per share, according to Yaqeen Capital Co., the financial advisor on the potential share sale on Nomu-Parallel Market.

 

The book-building process for qualified investors will run from Feb. 26 until March 2, 2023, according to a statement to Tadawul.

 

The company also noted that a total of 600,000 ordinary shares will be allocated to qualified investors, representing 100% of total offer shares.

 

Bena Steel Industries plans to offer 600,000 shares, or 12% of its capital reaching SAR 50 million, on Nomu.

 

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