Al Kuzama to kick off Nomu IPO next month
Proceeds from the primary share sale will be used to support the firm’s growth
Available in your choice of English or Arabic
Proceeds from the primary share sale will be used to support the firm’s growth
The offering was 5x oversubscribed
Final allocations were completed yesterday
The indicative range would allow the firm to raise up to SAR 600 mn in proceeds
Qualified investors can subscribe to the offering starting Sunday, 4 May
There’s no word yet on when the company’s shares will hit the market
UCIC’s net income declined 25% y-o-y to SAR 62.7 mn in 1H 2024
Subscription will open between 4-8 May
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