Leen Alkhair mulls to float 23.5% of capital on Nomu

Yaqeen Capital, in its capacity as the financial advisor and lead manager on the potential initial public offering (IPO) of Leen Alkhair Trading Co., announced the latter’s plans to float 958,750 ordinary shares representing 23.5% of its share capital on the Nomu-Parallel Market.

In a statement to the Saudi Exchange (Tadawul), the company added that it obtained the approval of Tadawul on its Nomu listing application on June 20, 2022, and the approval of the Capital Market Authority (CMA) on Sept. 28.

The final offering price will be determined after the book-building period.

The offering will run through Dec. 4-8, the statement added.

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