Saudi Top Trading sets IPO price on Nomu at SAR 133/share

20/11/2022 Argaam
Logo ofSaudi Top for Trading Co.

Logo of Saudi Top for Trading Co.

Watheeq Capital, the financial advisor for the initial public offering (IPO) of Saudi Top for Trading Co. (STP) on Nomu-Parallel Market, announced setting the offering price at SAR 133 per share.

 

According to data available with Argaam, STP plans to float 880,000 shares, or 22% of capital, on Nomu.

 

The offering period for qualified investors will run five days from Nov. 27 till Dec. 1, 2022.

 

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