Ladun Investment sets IPO price at SAR 18/share

30/05/2022 Argaam
Logo of Ladun Investment Co.

Logo of Ladun Investment Co.

Ladun Investment Co. completed offering five million ordinary shares, or 10% of its capital on Nomu-Parallel Market, Yaqeen Capital, the financial advisor and lead manager on Ladun’s offering, said in a statement.  

 

The offer price was set at SAR 18 per share. 

 

The offering was 20.97x subscribed.  

 

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and will determine the listing date of Ladun shares on Nomu.  

 

Qualified investors started on May 22 subscription to five million shares of Ladun on the parallel market. The IPO price range was set between SAR 15 and SAR 18 per share, Argaam earlier reported. 

 

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