TAQAT Mineral IPO price set at SAR 18/share on Nomu

05/03/2024 Argaam
Logo of Taqat Mineral Trading Co.

Logo of Taqat Mineral Trading Co.

Miyar Capital, the financial advisor for TAQAT Mineral Trading Co.’s initial public offering (IPO) on the Nomu-Parallel Market, set the offering price at SAR 18 per share.

 

The book-building process for qualified investors will run from March 6 to 13, the company said in a statement to Tadawul.

 

 For More IPOs

 

Last month, the company announced plans to float 2.44 million shares, constituting 20% and 25% of its post- and pre-IPO capital, respectively, according to data available on Argaam.

 

The Capital Market Authority (CMA) approved, in December 2023, the request of TAQAT Mineral to register and offer shares on Nomu.

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