KnowledgeNet sets IPO price range at SAR 35-40/share

19/02/2023 Argaam

KnowledgeNet sets IPO price range at SAR 35-40/share

Logo of Knowledge Net Co.

KnowledgeNet Co. set the initial public offering (IPO) price range at SAR 35-40 per share, according to Amwal Financial, the financial advisor on the potential share sale on Nomu-Parallel Market.

 

The book-building process for institutional investors will run from Feb. 26 until March 2, according to a statement to Tadawul.

 

KnowledgeNet plans to offer 700,000 shares, or 20% of its capital reaching SAR 35 million.

 

In January, KnowledgeNet issued the prospectus to list 700,000 shares, or 20% of capital, on Nomu.

 

The Capital Market Authority (CMA) approved, in December 2022, the company’s application on the planned IPO.

 

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