Qualified investors start subscription to 2.8m shares of Saudi’s Group Five Pipe

  • 11/14/2021
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The subscription period will continue until Thursday, 18 November RIYADH: Subscription to 2.8 million shares of the Group Five Pipe Saudi Company open today for Qualified Investors" on the Nomu-Parallel Market at SR 35 per share, Saudi Exchange reported. The subscription period will continue until Thursday, 18 November. This comes following the Capital Market Authority (CMA) approval of the company’s request to offer 10 percent of its capital on the Nomu-Parallel Market last September. Group Five Pipe"s initial public offering (IPO) is the third on Nomu year-to-date, after the IPO of Al-Hasoob Trading Co. in October and Burgerizzr in August.

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