IPO coverage ratio for “View United Real Estate Development” ‎in Nomu reaches 110.20%‎

Watheeq Financial Company, in its capacity as the financial advisor for the offering of “View United Real Estate Development” shares in the parallel market – Nomu – announced the completion of the offering process for 600,000 thousand ordinary shares, representing 18.18% of the company’s capital after the offering, and setting the offering price at 70 riyals per share. The one…

The company said that the coverage ratio reached 110.20% of the total shares offered during the offering period that started from Sunday, November 19, 2023, until Monday, November 27, 2023.

Watheeq Finance, as the financial advisor, will complete the necessary procedures with the Saudi Tadawul Group and then determine the date for listing the shares of View United Real Estate Development Company in the parallel market – Nomu.