Munawla sets offering price on Nomu at SAR 110/share

Logo of Munawla Cargo Co.

Watheeq Capital, the financial advisor on the initial public offering (IPO) of Munawla Cargo Co. on Nomu-Parallel Market, announced that the offering price was set at SAR 110 per share. 

The IPO will run on Aug. 27-31, the company said in a statement on Tadawul. 

According to data compiled by Argaam, Munawla issued in July its prospectus to float 200,000 shares, or 20% of its SAR 10 million capital, on Nomu. 

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