Fad sets price range between SAR 63-84/share for IPO on Nomu

31/10/2023 Argaam
Logo ofFad International Co.

Logo of Fad International Co.

Fad International Co. set the price range for its initial public offering (IPO) on the Nomu-Parallel Market between SAR 63 and SAR 84 per share, said Yaqeen Capital Saudi Arabia, the financial advisor and lead manager on the potential offering.

 

The book-building process for qualified investors will run from Nov. 1-7, according to a statement on Tadawul.

 

The company plans to float 240,000 shares on Nomu, representing 20% of its capital reaching SAR 12 million, Argaam earlier reported.

 

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