Saudi Top Trading IPO on Nomu 102.8% subscribed

13/12/2022 Argaam

Saudi Top Trading IPO on Nomu 102.8% subscribed

Logo of Saudi Top Trading Co.

Saudi Top for Trading Co.'s initial public offering (IPO) on Nomu-Parallel Market was 102.8% subscribed, announced financial advisor Watheeq Capital.

 

The company offered 880,000 ordinary shares, or 22% of capital, at SAR 133 each.

 

Watheeq Capital will finalize the required procedures with Saudi Tadawul Co. and then determine the date for listing Saudi Top Trading's shares on Nomu.

 

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