Abdul Aziz Al-Tuwaijri sets Nomu IPO price range at SAR 22-25/share

09:09 AM (Mecca time) Argaam- Nomu
Abdul Aziz Al-Tuwaijri plans to float 1 mln shares on Nomu

Abdul Aziz Al-Tuwaijri plans to float 1 mln shares on Nomu

Abdul Aziz Al-Tuwaijri Trading Co. set the price range for its potential initial public offering (IPO) on the Nomu-Parallel Market between SAR 22 and SAR 25 per share, Yaqeen Capital, the financial advisor and lead manager, said in a statement to Tadawul.

 

The book-building period for qualified investors will run from Nov. 2-9.

 

According to Argaam’s data, the company plans to float one million shares on Nomu, representing 20% of its post-IPO capital, to qualified investors. 

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