Alshehili Company issues prospectus for 20% offering on Nomu
Proceeds are earmarked for expansion, marketing drives, and working capital
Available in your choice of English or Arabic
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
The pricing will see the company raise SAR 28 mn in proceeds
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