Alwazn Almithaly Nomu IPO incomplete

11/12/2025 Argaam- Nomu
Alwazn Almithaly says subscription amounts will be refunded to subscribers within two working days

Alwazn Almithaly says subscription amounts will be refunded to subscribers within two working days

Alwazn Almithaly Co. announced today, Dec. 11, it could not complete its planned initial public offering (IPO) on the Nomu-Parallel Market.

 

The IPO is considered void, and the subscription amounts will be refunded to subscribers within two working days maximum, according to a Tadawul statement.

 

According to Argaam data, qualified investors have recently started subscribing to 451,500 shares of Alwazn Almithaly, with the price range set between SAR 75-78 each.

 

The floated shares represent 15% of the company's capital reaching SAR 30.1 million, divided into 3.01 million shares, at a par value of SAR 10 each.

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