Balsm Alofoq prices Nomu IPO at SAR 60 per share
The offering was nearly 17x covered
Available in your choice of English or Arabic
The offering was nearly 17x covered
Proceeds are earmarked for expansion, marketing drives, and working capital
The proceeds will go to supporting the company’s expansion plan
The IPO is shaping up to be the year’s second largest offering
PLUS: UK Prime Minister Keir Starmer is set to visit Riyadh in the coming days
Masarrah Investment, Mohamed Abdulaziz Al Habib & Sons, and Frontier Investment Management Partners all committed to cornerstone investments
PLUS: Shares of Arabica Star will begin trading on Nomu tomorrow
Institutional investors began submitting bids yesterday
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