The Clap
Yaqeen Capital, financial advisor and lead manager for the potential IPO of Al Babtain Food, revealed the price range for its offering and the start of the book-building period for qualified investors.
The Deets
The company stated that the price range for the offering was set between SAR 68 – SAR 77 per share in the parallel market “Nomu“.
Background
Last June, the Capital Market Authority (CMA) approved Al Babtain’s request to register its shares and offer 544,000 shares, equivalent to 16%, of its total shares on Nomu.
What Now
The book-building process for qualified investors begins on September 25 and ends on September 28.
Al Babtain Food subscription price range 🚀
