ZAWYA: MSGA Nomu IPO 144% oversubscribed

Ahmad MousaSaudi Arabia’s Masqa Investment (MSGA), which plans to raise approximately SAR 66.7 million ($17.8 million) through a 10% float, saw its Nomu IPO 144% oversubscribed after the books closed yesterday, an investment banker familiar with the matter told Zawya.Yaqeen Capital is acting as fin…

Ahmad Mousa

Saudi Arabia’s Masqa Investment (MSGA), which plans to raise approximately SAR 66.7 million ($17.8 million) through a 10% float, saw its Nomu IPO 144% oversubscribed after the books closed yesterday, an investment banker familiar with the matter told Zawya.

Yaqeen Capital is acting as financial advisor and lead manager, while KLA serves as legal counsel.

(Reporting by Ahmad Mousa; editing by Seban Scaria)

Ahmad.mousa@lseg.com

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