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

12/11/2024 Argaam
Logo ofArabica Star Co.

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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