Nice One IPO lands cornerstone investors
Masarrah Investment, Mohamed Abdulaziz Al Habib & Sons, and Frontier Investment Management Partners all committed to cornerstone investments
Available in your choice of English or Arabic
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
Tawuniya and Alfozan Holding are anchor investors in the offering
The offering was 16.1x oversubscribed
Final shares allocation wrapped up yesterday
Proceeds from the offering will be distributed across selling shareholders and the firm
The price sees the offering raising SAR 45 mn in total proceeds
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