Riyadh – Mubasher: Saudi Top for Trading Company set the price of its initial public offering (IPO) on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at SAR 133 per share, according to a bourse disclosure.

Watheeq Capital, the financial advisor for the IPO, indicated that the subscription period will take place during the period from 27 November until 1 December 2022.

Meanwhile, Saudi Top for Trading plans to list 880,000 ordinary shares on Nomu, accounting for 22% of the total 4 million shares.

Any qualified investor who has an active investment account with any licenced financial institution can subscribe to the offering shares through the e-system provided by Alinma Investment Company.

In like manner, those who have an active investment account with Al Rajhi Capital are able to subscribe through the banking application of the receiving entity Al Rajhi Bank.

On 30 May 2022, Tadawul passed Saudi Top for Trading’s request to trade on Nomu, while the Capital Market Authority (CMA) granted its approval last September.