Dkhoun’s Nomu offering price set at SAR 121/share

Logo of Dkhoun National Trading Co.

Saudi Kuwaiti Finance House Co., financial advisor and lead manager for the initial public offering of Dkhoun National Trading Co. on the Nomu-Parallel Market, set the offering price at SAR 121 per share, according to a statement to Tadawul.

The offering period will run from May 4 until 4:00 p.m. on May 8.

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According to data compiled by Argaam, Dkhoun plans to offer 400,000 ordinary shares—representing 20% of its capital—at a par value of SAR 10 each to qualified investors.

Established in 2010, the company's current activity is represented in the retail sale of perfumes, oud, and incense. Nafais Dkhoun Perfumes Co., a subsidiary, manufactures only Dkhoun’s products. It owns a fully equipped plant in Riyadh that produces, mixes, fills, and packages perfumes and incense.