Academy of Learning sets price guidance at $11 for Saudi Nomu listing

  • 5/31/2022
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RIYADH: Academy of Learning Co. has published its registration document for a direct listing on Saudi Arabia’s parallel market Nomu at SR40 ($11) per share, the company’s financial advisor Aldukheil Financial Group stated. The Dammam-based company looks to list 6 million shares on Nomu, with the trading set to be confined to qualified investors, it said in a statement. The company hasn’t disclosed the final trading debut date as yet. On May 26, the educational firm received the Capital Market Authority’s approval for the registration of its shares for a direct listing. Academy of Learning operates in the Saudi education and training sector through 12 educational institutes across Dammam, Al Khobar, Al Ahsa, Al Jubail, and Qatif.

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