East Gas eyes 20% private placement on Nomu
EGC has a market cap of SAR 80 mn
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EGC has a market cap of SAR 80 mn
The offering could see the company raise SAR 64.3 mn in proceeds, if fully covered
The regional HR agency is taking a 15% stake to Nomu
PLUS: Oil markets could see supply surplus next quarter
The transaction would see it rake in up to SAR 43.8 mn in proceeds
The offering could see it book up to SAR 33 mn in proceeds
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The company priced its shares at SAR 50 a piece.
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