Yaqeen Capital signs agreement with Al Mozaini to arrange listing on Nomu

Logo of Hamad & Ahmed Al Mozaini Real Estate Co. 

Yaqeen Capital signed on June 4 an agreement with Hamad & Ahmed Al Mozaini Real Estate Co. to arrange the initial public offering (IPO) of its shares and subsequent listing on the parallel market – Nomu.

In a statement to Tadawul, the company said that the offering and listing of shares will go through several phases, starting from the signing date of the agreement and continuing until obtaining approvals from the Capital Market Authority (CMA) and the actual listing of the shares on Nomu.

For More IPOs

Yaqeen will generate financial revenues from this agreement, depending on the progress of the various stages, obtaining CMA approval, and the successful completion of the offering and listing.

Upon completion of all stages, the revenues generated from the transaction will exceed 5% of Yaqeen Capital’s total revenues, based on the latest audited annual financials for 2024, the statement added.

According to data available on Argaam, Yaqeen Capital posted nearly SAR 89.48 million in revenues during 2024.