Logo ofSahat Almajd Trading Co.
Sahat Almajd Trading Co. completed its initial public offering (IPO) on the Nomu – Parallel Market, which was oversubscribed by 110.39% of the total shares offered during the subscription period, according to Value Capital, the financial advisor and lead manager of the offering. 
The company stated that the final offering price for Sahat Almajd was set at SAR 7 per share, according to a statement to Tadawul today, Oct. 29.
It added that the necessary procedures with the Saudi Tadawul Group Holding Co. (Tadawul Group) will be completed, after which the listing date of Sahat Almajd shares on Nomu will be determined.
According to data compiled by Argaam, Sahat Almajd offered 4.38 million shares on Nomu, representing 11.11% of the company’s post-offering capital and 12.5% of its pre-offering capital.
Logo ofSahat Almajd Trading Co.
Sahat Almajd Trading Co. completed its initial public offering (IPO) on the Nomu – Parallel Market, which was oversubscribed by 110.39% of the total shares offered during the subscription period, according to Value Capital, the financial advisor and lead manager of the offering.
The company stated that the final offering price for Sahat Almajd was set at SAR 7 per share, according to a statement to Tadawul today, Oct. 29.
It added that the necessary procedures with the Saudi Tadawul Group Holding Co. (Tadawul Group) will be completed, after which the listing date of Sahat Almajd shares on Nomu will be determined.
According to data compiled by Argaam, Sahat Almajd offered 4.38 million shares on Nomu, representing 11.11% of the company’s post-offering capital and 12.5% of its pre-offering capital.
