Ladun Investment to offer 10% stake on Nomu May 22

07/04/2022 Argaam
Logo of Ladun Investment Co.

Logo of Ladun Investment Co.

Ladun Investment Co. plans to offer 5 million shares, or 10% of its capital, on Nomu-Parallel Market, starting May 22, announced Yaqeen Capital, the financial advisor and lead manager on the potential offering.

 

The final offer price will be determined for all subscribers after the book-building period ends, according to a bourse filing.

 

The Saudi Exchange (Tadawul) approved the company’s application for listing its shares on Nomu on October 20, 2021.

 

The Capital Market Authority (CMA) approved, on March 28, the application received from the company to offer 10 % of its capital on Nomu.

 

The offering will run until May 26.

 

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