Hamad Bin Saedan's Nomu IPO priced at SAR 13.5/shr

04:03 PM (Mecca time) Argaam
Hamad Bin Saedan plans to float 4.23 million shares, or 15% of its post-IPO capital, on Nomu

Hamad Bin Saedan plans to float 4.23 million shares, or 15% of its post-IPO capital, on Nomu

Hamad Mohammed Bin Saedan Real Estate Co.'s initial public offering (IPO) on the Nomu-Parallel Market was priced at SAR 13.5 per share, financial advisor Merchants Capital said in a Tadawul filing today, Aug. 21.

 

The offering period will run for qualified investors from Aug. 29 to Sept. 4.

 

For More IPOs

 

Hamad Bin Saedan plans to float 4.23 million shares, representing 15% of its post-IPO capital, on Nomu, Argaam earlier reported.

 

Following the IPO, the company’s capital will stand at SAR 282.35 million, divided into 28.23 million shares at a par value of SAR 10 each.

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