Neft Alsharq could raise up to SAR 18 mn from its Nomu IPO
The offering could give the company a SAR 90 mn market cap post-listing.
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The offering could give the company a SAR 90 mn market cap post-listing.
The company is taking a 30% stake to market
The IPO’s net proceeds are earmarked for the company’s selling shareholders after deducting transaction-related expenses
The institutional offering was 119x oversubscribed
The final allocation of shares will take place on Tuesday, 4 June
The final price gives the company a post-IPO market cap of SAR 1.85 bn
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The institutional subscription process is slated to start on Wednesday, 8 May.
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