Riyadh – Mubasher: Falcom Financial Services on Sunday announced that it has begun receiving offers for Thob Al-Aseel’s initial public offering (IPO) on the Nomu-Parallel Market.

The IPO period will last until 18 May 2017, according to a previous statement by the company.

In February, the Capital Market Authority (CMA) approved Thob Al-Aseel's request to increase its offered shares to 3 million, which led to an increase in the company’s capital to SAR 150 million from SAR 50 million.