AFG announces covering IPO of Rayan in parallel market

Aldukheil Financial Group “AFG”, as Financial Advisor for the Initial Public Offering of Rayan Advanced Industrial Company (the “Company”) on the Parallel Market “Nomu”, announced on Tuesday that it successfully completed the Initial Public Offering (IPO) of the Company as well as the allocation of shares to institutional and individual Qualified Investors.
The refund, if any, will be completed by Thursday 08/12/2022 as mentioned in the supplementary prospectus.
Aldukheil Financial Group will finalize the required procedures for listing with the Saudi Tadawul Company “Saudi Tadawul” and then determine the date for listing of the shares of the Company on the Parallel Market “Nomu”.