Riyadh – Mubasher: The offering price for MSGA Investment Company’s debut on the Saudi Exchange’s (Tadawul) Parallel Market (Nomu) has been set at SAR 6 per share, according to Yaqeen Capital Company.
This announcement establishes the valuation framework for the upcoming subscription period, which is scheduled to take place in June 2026.
Yaqeen Capital, acting as the financial advisor and lead manager for the initial public offering (IPO) of, elaborated that the subscription period is slated to begin on 17 June 2026 and will remain open for eligible investors until the close of business on 24 June.
This window allows for an eight-day period during which Qualified Investors can submit their applications at the established price of SAR 6 per share. Yaqeen Capital has directed all interested parties to the Red Herring Prospectus, which is currently hosted on the Capital Market Authority’s (CMA) official website.
The offering comprises 11.11 million ordinary shares, representing 10.00% of MSGA Investment’s total issued share capital following the completion of the IPO.
This issuance is structured to facilitate the company’s entry into the Parallel Market, a platform specifically designed by the Tadawul to provide listing opportunities for small and medium-sized enterprises with adapted regulatory requirements compared to the Main Market.
According to the details provided by Yaqeen Capital, the Qualified Investors is a category of investors including institutional entities and individuals who meet the specific financial and professional criteria mandated by the CMA for participation in the Nomu market. By targeting this specific investor base, the offering ensures that the shares are distributed among participants who possess the expertise to evaluate investments in the parallel tier.
To manage the subscription process, the lead manager has defined clear participation parameters. Qualified Investors interested in the offering must adhere to a minimum subscription limit of 100 shares.
To ensure a balanced distribution and prevent high levels of concentration among a few participants, a maximum subscription cap has been set at 5.55 million shares per individual or institutional investor. These thresholds are intended to provide access to a wide range of qualified participants while maintaining order in the book-building and allocation phases.
As the financial advisor and lead manager, Yaqeen Capital is responsible for overseeing the regulatory compliance of the offering and managing the coordination between the issuing company and the Saudi capital market authorities.
