Arabica Star’s Nomu offer price set at SAR 64/shr

Logo of Arabica Star Co. 

Yaqeen Capital, the financial advisor and lead manager of the initial public offering (IPO) of Arabica Star Co. on Nomu-Parallel Market, set the offer price at SAR 64 per share, according to a statement to Tadawul.

 

For More IPOs

 

The offering period for qualified investors will run between Nov. 17-21.

 

The company plans to float 275,000 ordinary shares on Nomu, representing 20% of its post-IPO capital. Qualified investors were allotted 100% of the total offered shares, Argaam’s data showed.

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