ASAS Makeen IPO on Nomu 1949% covered
A total of 19.49 million shares were requested, representing a subscription value of SAR 1.56 billion during the offering period from May 19 to 25, the brokerage said in a statement to Tadawul on May 28.
Yaqeen Capital will finalize the required procedures with Tadawul before determining ASAS Makeen's debut date.
According to Argaam 's data, ASAS Makeen earlier announced floating 1 million shares on Nomu at a nominal value of SAR 80 each.
These shares represent 10% of the company's SAR 100 million capital, divided into 10 million shares at a par value of SAR 10 each.
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