Saudi Ladun Investment to make stock market debut on June 14

  • 6/12/2022
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RIYADH: Saudi construction firm Ladun Investment Co. will start trading its shares on the Kingdom’s parallel Nomu market on June 14, a bourse filing revealed. This comes after the company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription. The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital. Yaqeen Capital, financial advisor and lead manager of the offer, was in charge of the book-building process that ran from May 22 to May 26.

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