Saudi: Almohafaza unveils price range for Nomu offering

Almohafaza plans to list 1.60 million ordinary shares, equivalent to 20% of the issued share capital, according to a bourse statement

Staff Writer, Mubasher

February 28, 2024

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Almohafaza For Education Company set the price of its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at a range between SAR 14 and SAR 18 per share.

Almohafaza plans to list 1.60 million ordinary shares, equivalent to 20% of the issued share capital, according to a bourse statement.

Each eligible investor can apply for a minimum number of 10 shares, while the maximum amount stands at 399,990 shares.

Meanwhile, the bidding and book-building period for qualified investors will take place during 28 February- 7 March 2024.

It is worth highlighting that Yaqeen Capital Company is the financial advisor and lead manager for the offering.

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