Riyadh – Mubasher: Raydan Restaurants announced offering its shares in the parallel market – Nomu.

The company intends to offer 6.75 million shares, representing 30% of capital which amounts to SAR 225 million.

The subscription output will be distributed over the contributing shareholders after deducting the expenses. The company appointed  and Alistithmar Capital as the IPO manager, the statements said.

The Saudi stock Exchange (Tadawul) plans to launch Nomu - Parallel Market on 26 February, 2017, after the Capital Market Authority (CMA) issued the listing rules.