Latest news with #YaqeenCapital
Zawya
4 days ago
- Business
- Zawya
Saudi Arabia's National Signage Industrial to float 20% in August Nomu IPO
National Signage Industrial Company will start selling 20% of its capital through an IPO on the Nomu-Parallel Market from mid-August. The offering period for 1.5 million shares will begin on August 17 and will end on August 24 for qualified investors, Yaqeen Capital, the financial advisor and lead manager on the potential offering, said in a statement to the Saudi stock exchange on Monday. In March, the Saudi Exchange and the Capital Market Authority (CMA) had approved the company's IPO application. (Editing by Seban Scaria
Argaam
24-07-2025
- Business
- Argaam
Yaqeen Capital notified of Al-Mozaini terminating Nomu listing deal
Yaqeen Capital said it received a notice from Hamad and Ahmed Mohammed Al-Mozaini Real Estate Co. to terminate the agreement to arrange the company's listing on the Nomu-Parallel Market, according to a statement to Tadawul. On June 4, Yaqeen Capital signed an agreement with Al-Mozaini to arrange the latter's IPO on Nomu, according to data available with Argaam. Upon completion of all stages, the revenues generated from the transaction were expected to exceed 5% of Yaqeen Capital's total revenues of SAR 89.48 million, based on the latest audited annual financials for 2024.
Zawya
12-06-2025
- Business
- Zawya
Saudi's Al Mozaini Real Estate to launch IPO
Saudi Arabia's Hamad & Ahmad Mohammed Al-Mozaini Real Estate Company is set to launch an initial public offering (IPO) and list on the Saudi Stock Exchange (Tadawul) Parallel Market, Nomu. The company has appointed Yaqeen Capital as the arranger for the real estate firm's public subscription process. Hamad & Ahmad is the latest Saudi-based company to capitalise on the kingdom's capital market, which has seen significant growth on the back of ambitious economic reforms. The kingdom has consistently dominated the IPO activity in the Middle East. During the first quarter of the year, 12 out of 14 listings in the region originated from Saudi Arabia, according to EY. Five IPOs on the Tadawul Main Market raised a total of $1.8 billion, while seven IPOs on Nomu attracted $69 million. (Writing by Cleofe Maceda; editing by Seban Scaria)
Argaam
11-06-2025
- Business
- Argaam
Yaqeen Capital signs agreement with Al Mozaini to arrange listing on Nomu
Yaqeen Capital signed on June 4 an agreement with Hamad & Ahmed Al Mozaini Real Estate Co. to arrange the initial public offering (IPO) of its shares and subsequent listing on the parallel market – Nomu. In a statement to Tadawul, the company said that the offering and listing of shares will go through several phases, starting from the signing date of the agreement and continuing until obtaining approvals from the Capital Market Authority (CMA) and the actual listing of the shares on Nomu. For More IPOs Yaqeen will generate financial revenues from this agreement, depending on the progress of the various stages, obtaining CMA approval, and the successful completion of the offering and listing. Upon completion of all stages, the revenues generated from the transaction will exceed 5% of Yaqeen Capital's total revenues, based on the latest audited annual financials for 2024, the statement added.
Zawya
04-06-2025
- Business
- Zawya
Alkhaldi Logistics cancels Saudi IPO
Saudi Arabia's Alkhaldi Logistics Company has cancelled its initial public offering (IPO) on the kingdom's parallel market, Nomu. Yaqeen Capital, serving as the financial advisor and lead manager for the offering, said on Tuesday that the planned share offering was 'incomplete' and considered 'void'. It did not specify the reason for cancellation. With the IPO cancelled, subscribers are expected to receive refunds by Wednesday, June 4, 2025. The company had previously planned to sell 1.05 million shares on Nomu, representing 7% of post-IPO capital. The offer price was set between SAR 44 and SAR 47 per share. (Writing by Cleofe Maceda; editing by Seban Scaria)
