Mufeed issues prospectus to float 600,000 shares on Nomu

The shares to be offered represent 10% of the company's capital before the increase, which currently stands at SAR 60 million, divided into 6 million shares with a nominal value of SAR 10 per share. After the offering and capital increase, the shares will represent 9.09% of the total capital.

The Capital Market Authority (CMA) approved on June 5 Mufeed’s application to float its shares on Nomu.

The offering period for qualified investors will run from Nov. 03 till Nov. 11, 2024.

The share sale will be limited to qualified investors as stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

Founded on October 19, 2009, in Riyadh, Mufeed specializes in organizing, executing, and hosting various events, providing lighting and sound systems, as well as display screens for events. It also offers all necessary equipment and designs for exhibitions and theaters, event documentation, photography, and television broadcasting, along with executing marketing campaigns.

According to its commercial registration, the company’s activities include renting equipment for film production, ticket sales and reservations for various events, and organizing and managing exhibitions, conferences, and crowd management.