Here’re receiving banks for Morabaha Marina IPO

28/05/2023 Argaam

Here’re receiving banks for Morabaha Marina IPO

Logo of Morabaha Marina Financing Co.

Retail investors start today, May 28, subscribing to 2.14 million shares of Morabaha Marina Financing Co. (MMFC) at SAR 14.60 per share. The price was set through the book-building process.

 

The company floated 21.43 million shares, or 30% of its SAR 714.29 million capital after increase, on the Saudi Exchange (Tadawul). The offer shares represent nearly 42.86% of the company’s SAR 500 million capital before increase.

 

The list of the receiving banks for the IPO includes Al Rajhi Bank, Riyad Bank, Alinma Bank and Bank Albilad.

 

 

For More IPOs

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