Yaqeen Financial Company, acting as financial adviser and underwriting manager, announced the stock offering of the company Nufout Food Products “Nufout Food” In the parallel market “Nomu” announced the completion of the bidding process for 288 thousand ordinary shares, which is 12% of the company’s shares.
Yaqeen Financial said in a statement on Tadawul Saudi Arabia today, Wednesday, that the offering price was 150 riyals per share and the hedge ratio reached 342.69% of the total shares offered during the offering period from Sunday 18 December 2022 until Thursday 22 December 2022.
Yaqeen Financial Company added that it will complete the necessary procedures with “Saudi Tadawul” group, and then set a date for the listing of “Nufout Food” shares in “Nomu” parallel market.
