Logo Design of Pan Gulf Marketing Co.
Pan Gulf Marketing Co. offered 600,000 shares, or 12% of its capital, in a going public (IPO) on Nomu Parallel Market, Yaqeen Capital Co., the monetary consultant and lead supervisor, stated.
The IPO was priced at SAR 51 per share. The offering was 108.92% covered.
The offering was priced at the top of its variety, which was set in between SAR 51 and SAR 59 per share.
Pan Gulf Marketing extended the membership duration for till Jan. 29.
Yaqeen Capital will finish the required procedures with Saudi Tadawul Group to set the listing date.