Leen Alkhair sets IPO price range at SAR 65-69/share, starts book-building process

04/12/2022 Argaam

Leen Alkhair issues prospectus to offer 959,000 shares on Nomu

 Logo of Leen Alkhair Trading Co. 

Leen Alkhair Trading Co. set the initial public offering (IPO) price range at SAR 65-69 per share, according to Yaqeen Capital, the lead manager and financial advisor on the company’s share sale.  

 

The book-building process for qualified investors starts today, Dec. 4 and ends on Dec. 8, Yaqeen Capital added in a statement to Tadawul.

 

The company offered 958,750 shares, or 23.50% of its share capital. It will allocate 958,750, or 100% of the offer shares, to qualified investors.

 

Qualified investors can subscribe to a minimum of 10 shares and a maximum of 203,979 shares.

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