The financial advisory and subscription management firm has publicized that the anticipated initial public offering (IPO) price for the IT company, a specialist in business technology, has been established at SAR 49 per share, on behalf of the company.
According to the statement released on the stock exchange, the subscription period for qualified investors is slated to commence on January 25, 2024, and will conclude on February 1, 2024.
As per available information, the business technology company has announced the offering of 390,000 shares, representing 20% of its capital which amounts to SAR 19.5 million, divided into 1.95 million shares, to be listed on the parallel market – Nomu.
