Mulkia Investment debuts on Nomu today

Logo of Mulkia Investment Co. 

Mulkia Investment Co. shares began trading on the Nomu-Parallel Market today, Nov. 12, under the symbol 9585 and ISIN code SA15T0J4LOH8, at SAR 38 per share.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

The company offered 1.3 million shares to qualified investors, representing 20% of the company’s post-IPO capital. The IPO was 239.6% oversubscribed, according to data available with Argaam.

Mulkia Investment will take the number of listings on Nomu to 29 in 2023, including five direct offerings and 24 offerings for qualified investors.

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.

With the listing of Mulkia Investment, the number of companies listed on the parallel market reaches 73, in addition to a single real estate fund,  Alwaha REIT Fund.

Company Profile

Mulkia Investment was established in 2013 as a Saudi investment firm (closed Saudi joint stock company) with SAR 65 million in capital.

Headquartered in Riyadh, Mulkia Investment operates in the securities business, including trading and arranging of securities, custody securities, investment management, operation of funds, and advisory services.

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