Meyar sets Nomu IPO price range at SAR 53-59/share

Logo of Meyar Co.

Yaqeen Capital Co., as the financial advisor and lead manager on the initial public offering (IPO) of Meyar Co. on Nomu-Parallel Market, announced setting the price guidance for the potential offering between SAR 53-59 per share.

In a statement to Tadawul today, March 16, the company said the book-building period for qualified investors will run between March 19-23.

The offering represents 20%, or 265,400 ordinary shares, of Meyar’s share capital. This is equal to 25% of the company’s post-increase capital.

As much as 100% of the total offer shares (265,400 shares) will be earmarked to qualified investors.

Each qualified investor can subscribe to a minimum and maximum of 10 and 66,340 shares, respectively.

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