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Dome extends subscription period to end June 1
Dome extends subscription period to end June 1

Argaam

time27-05-2025

  • Business
  • Argaam

Dome extends subscription period to end June 1

Dome International for Investment Co. extended the subscription period on Nomu-Parallel Market to June 1, 2025, financial advisor Watheeq Capital said in a statement to Tadawul. The company published a supplementary prospectus that included an amendment to the offering period, which now spans 10 business days, ending on June 1, 2025. The dates for announcing the final allocation and refunding any excess funds, if applicable, were also amended. IPO Summary After Amendment Issue Percentage 14.53% of post-IPO capital (17% pre-IPO capital) Offered Shares 850,000 Offer Period May 19-June 1, 2025 Final Allocation June 3, 2025 Surplus Refund (if any) June 4, 2025 Qualified investors began subscribing to 850,000 shares of Dome International on the Nomu-Parallel Market on May 19, according to Argaam data. The price was set at SAR 42 per share, and the subscription period was set to run for six business days to end May 26. Dome International has SAR 50 million in capital, divided into five million shares at a par value of SAR 10 each. The company's capital will reach SAR 58.5 million after the IPO, divided into 5.85 million shares.

Saudi IPO momentum continues with two firms announcing NOMU listing plans
Saudi IPO momentum continues with two firms announcing NOMU listing plans

Zawya

time01-05-2025

  • Business
  • Zawya

Saudi IPO momentum continues with two firms announcing NOMU listing plans

Two Saudi Arabian firms have announced plans to proceed with IPOs on the parallel market NOMU in the coming weeks. Saudi Arabia's education services provider Dome International Investment Company's float represents 14.53% of the company's share capital, comprising 850,000 shares, with the offering period to run from May 19, 2025 until May 26, 2025. Watheeq Capital Company has been appointed as financial advisor on the potential offering. Founded in 2016, Dome International runs schools and accredited educational testing centres across the kingdom. The company received approval from the Captial Markets Authority in March. Asas Makeen Real Estate Development and Investment Company has also published its prospectus for a NOMU IPO, offering 1 million shares, which represent 10% of the share capital. The price will be determined after the book-building period, with the offering period to begin on May 19, 2025, and end on May 25, 2025. Yaqeen Capital Company has been appointed as the financial advisor and lead manager on the offering. The latest IPO announcements joins a growing list of companies that have received approval from Saudi Arabia's Capital Markets Authority regulator for the month of May. Other companies in the pipeline include Dkhoun National Trading Company, Axelerated Solutions for Telecommunications and Information Technology Co. and Al Kuzama Trading Company. (Writing by Bindu Rai, editing by Seban Scaria)

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