Al-Fakhera IPO price range on Nomu set at SAR 5-6/shr

Logo of Al-Fakhera Men's Tailoring Co.

Yaqeen Capital, the financial advisor on the initial public offering (IPO) of Al-Fakhera Men's Tailoring Co. on Nomu-Parallel Market, set the price range at SAR 5-6 per share, according to a statement on Tadawul today, Oct. 29.

The book-building process for qualified investors will run from Nov. 3-11.

For More IPOs

According to data available with Argaam, the company planned to float six million shares on Nomu, representing 20% of its SAR 30 million capital, divided into 30 million shares, at a par value of SAR 1 each. After the IPO, these shares will account for 16.66% of the post-increase capital.