Purity IPO on Nomu 597.40% covered

Logo of Purity for Information Technology (Purity Tech)

Yaqeen Capital concluded the offering for Purity for Information Technology (Purity Tech) on the Nomu-Parallel Market. The offering involved 3 million ordinary shares, representing 20% of the company’s total shares, priced at SAR 8 per share.

During the subscription period from Oct. 16 to Oct. 22, 2024, the offering achieved coverage of 597.40%, according to a statement to Tadawul.

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Yaqeen Capital will finalize the necessary procedures with the Saudi Exchange to set the listing date for Purity IT’s shares on the Nomu-Parallel Market, the statement added.