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Thndr Claps » Saudi Claps » IPO Watch 👀 » Leen Al Khair IPO price set at SAR 65 ✅

Leen Al Khair IPO price set at SAR 65 ✅

by Omar El Shorafa
December 21, 2022

The Clap
Yaqeen Financial, in its capacity as the financial advisor and subscription manager for the IPO of Leen Al Khair in the parallel market (Nomu), successfully offered 958.75 thousand ordinary shares, representing 23.5% of the company’s shares.

What
Yaqeen Financial indicated that the offering price is SAR 65 per share.

So What
The coverage rate of the subscription was 116.21% of the total shares offered, during the offering period from December 4 to December 15.

Now What
Yaqeen Financial will complete the necessary procedures with “Tadawul Group” (1111), and will then set the date for listing in “Nomu”.

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