Saudi: Bena Steel plans to trade 12% of shares on Nomu

Yaqeen Capital, the financial advisor of the potential transaction, indicated that the offering period will take place from 26 February until 2 March 2023

Staff Writer, Mubasher

February 2, 2023

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Bena Steel Industries Company intends to list 600,000 ordinary shares, accounting for 12% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

Yaqeen Capital, the financial advisor of the potential transaction, indicated that the offering period will take place from 26 February until 2 March 2023, according to a bourse disclosure.

Meanwhile, the price of the final offering will be determined after the book-building period.

Tadawul had passed the company’s request to trade on Nomu on 14 February 2022, while the Capital Market Authority (CMA) granted its approval last November.

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