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Knowledge Tower to trade 20% of shares on Nomu

Knowledge Tower to trade 20% of shares on Nomu
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Riyadh – Mubasher: Knowledge Tower Trading Company intends to list 350,000 ordinary shares, accounting for 20% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

Watheeq Capital, the financial advisor of the potential transaction, noted that the offering period will take place during the period from 30 October until 3 November 2022, according to a bourse disclosure.

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

Tadawul had passed the company’s request to trade on Nomu on 24 July 2022, while the Capital Market Authority (CMA) granted its approval on 12 September this year.