Clean Life offering 567.9% oversubscribed

Logo of Clean Life Co.

Watheeq Capital, the financial advisor on the initial public offering (IPO) of Clean Life Co. on Nomu-Parallel Market, announced that the offering of 300,000 shares, or 20% of the company’s capital, was completed.

 

Qualified investors fully subscribed to the offered shares and the offering was 567.9% oversubscribed. The offer price was set at SAR 112 a share.

 

The subscription period ran between Oct. 1-5.

 

Watheeq Capital will complete the required measures with the Saudi Exchange (Tadawul) and a date for the share listing on Nomu will be determined accordingly.

 

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