Riyadh - Mubasher: Bena Steel Industries Company set the price for its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at a range of SAR 50-52 per share.
The Saudi firm plans to trade 600,000 ordinary shares, representing 12% of its issued share capital, according to a bourse disclosure.
Meanwhile, each eligible investor must apply for a minimum number of 10 shares, while the maximum amount is 249,990 shares.
Yaqeen Capital, the financial advisor and lead manager for the potential transaction, indicated that the bidding and book-building period will take place during 26 February-2 March 2023.
It is worth noting that the Capital Market Authority (CMA) granted its approval for Bena Steel’s Nomu listing in November 2022.
