AlMuneef sets final offer price at SAR 70/share

Logo of AlMuneef Co. for Trade, Industry, Agriculture and Contracting

AlMuneef Co. for Trade, Industry, Agriculture and Contracting set the final offer price for its Nomu-Parallel Market offering at SAR 70 per share, according to a statement to the Saudi Exchange (Tadawul) today, May 23.

 

Yaqeen Capital, the financial advisor and lead manager on the move, announced the completion of offering 760,000 shares, or 20% of AlMuneef’s capital, which was 143.40% covered during the subscription period.

 

It will finalize the required procedures with Tadawul and then determine the date for listing the company's shares on Nomu.

 

Subscription by qualified investors for AlMuneef’s shares ran from May 14-18, according to Argaam's data.

 

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Qualified investors start subscription to AlMuneef's 760,000 shares today

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