Saudi news

Covering the subscription of “Nafout Food” by 342.7%, and setting the offering price at 150 riyals per share.

Yaqeen Financial Company, in its capacity as the financial advisor and subscription manager for offering the shares of Nufout Food Products Company “Nufout Food” in the parallel market “Nomu”, announced the completion of the offering process for 288 thousand ordinary shares, representing 12% of the company’s shares.

Yaqeen Financial said in a statement on Tadawul Saudi Arabia today, Wednesday, that the offering price amounted to 150 riyals per share, and the coverage rate reached 342.69% of the total shares offered during the offering period from Sunday, December 18, 2022, until Thursday, December 22, 2022.

Yaqeen Financial Company added that it will complete the necessary procedures with the “Saudi Tadawul” group, and then set a date for listing the shares of “Nufout Food” in the “Nomu” parallel market.

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