Balsm Alofoq prices Nomu IPO at SAR 60 per share
The offering was nearly 17x covered
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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
PLUS: Micro and small enterprises can now submit their financial statements online on the Qawaem platform
The offering was 16.1x oversubscribed
PLUS: Most Saudi companies don’t have the capacity to implement AI strategies
The price sees the offering raising SAR 45 mn in total proceeds
The company reported SAR 4.5 mn in net income in 1H 2024
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