Saudi Call’s IPO 100.08% covered at SAR 69/share

21/06/2023 Argaam

Saudi Call’s IPO 100.08% covered at SAR 69/share

Logo of Saudi Call Trading Co.

Saudi Call Trading Co.’s initial public offering (IPO) on Nomu-Parallel Market was 100.08% covered, financial advisor Marifa Capital said in a statement to Tadawul.

 

The offer price was set at SAR 69 per share.

  

Marifa Capital, in coordination with Al Rajhi Capital, the IPO lead manager, will finalize the paperwork required for listing with Saudi Tadawul Group to set the debut date on Nomu.

 

Qualified investors started subscription to Saudi Call’s shares from June 4-11. The company floated 675,000 shares, to the public. The shares on offer represent 15% of Saudi Call’s capital, which is divided into 4.5 million shares. The IPO price range was set between SAR 69 and SAR 77 per share.

 

For More IPOs

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