Nofoth sets price range for IPO on Nomu between SAR 135-150 per share

15/12/2022 Argaam

Nofoth sets price range for IPO on Nomu between SAR 135-150 per share

Logo of Nofoth Food Products Co. (Nofoth)

Nofoth Food Products Co. set the price range for its initial public offering (IPO) on Nomu-Parallel Market between SAR 135 and SAR 150 per share, Yaqeen Capital, the financial advisor and lead manager, said in a statement to Tadawul.

 

The final offer price will be set after the completion of the book-building process, which will run for qualified investors from Dec. 18-22.

 

 

In October, the Capital Market Authority (CMA) approved the application received from the company to register its shares for direct listing on Nomu, Argaam earlier reported.

 

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