Riyal Motors IPO on Nomu 145% covered

11/10/2023 Argaam

Riyal Motors IPO on Nomu 145% covered

Logo of Riyal Investment and Development Co.

The initial public offering (IPO) of Riyal Investment Development Co. (Riyal Motors) on the Nomu-Parallel Market was 145% covered, financial advisor Aldukheil Financial Group (AFG) said in a statement to the Saudi Exchange (Tadawul).

 

A minimum of 10 shares were allocated per subscriber. The remaining shares will be allocated pro rata.

 

Subscription refunds will be made no later than Oct. 12, AFG added.

 

For More IPOs

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