Mulkia Investment Co. issued on Sept. 17 a prospectus to sell 1.3 million ordinary shares, or 20% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.
The company’s capital stands at SAR 65 million, divided into 6.5 million shares.
The offering will run from Oct. 22-30.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).
Mulkia Investment was established in 2013 as a Saudi investment firm (closed Saudi joint stock company) with SAR 65 million capital.
Headquartered in Riyadh, Mulkia Investment operates in the securities business including trading and arranging of securities, custody securities, investment management, operation of funds and advisory services.
Source : Argaam