Yaqeen Capital cancels IUTC’s potential Nomu listing

30/01/2025 Argaam
Logo ofInternational Unions for Trade Co. (IUTC)

Logo of International Unions for Trade Co. (IUTC)

Yaqeen Capital, in its capacity as International Unions for Trade Co.’s (IUTC) financial advisor, announced the cancellation of IUTC’s offering and listing of 247,000 ordinary shares on the Nomu-Parallel Market.

 

In a statement to Tadawul, Yaqeen Capital pointed out that IUTC obtained Tadawul and the Capital Market Authority’s (CMA) approvals to list and offer its shares on Nomu on Sept. 22, 2024, and on Oct. 28, 2024, respectively.

 

For More IPOs

 

subscription on Nomu on Sept. 22, 2024, and on Oct. 28, 2024, respectively.

 

According to Argaam data, IUTC earlier issued the prospectus to list 13% of its capital, representing 247,000 shares, on Nomu.

 

The share offering was limited to qualified investors and was planned to run for five days from Feb. 2.

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