Saudi developer hires BMG for largest IPO on Nomu at $266mln

DUBAI: Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

The offering is expected to be one of the biggest listings in the parallel market with a value exceeding SR1 billion ($266.6 million), BMG said in a statement.

The Jeddah-based developer has real estate projects in several industries, including entertainment, medicine, and hospitality.

Nomu is a dedicated market seen to support small and medium-sized enterprises.

Reference: https://www.zawya.com/mena/en/markets/story/Saudi_developer_hires_BMG_for_largest_IPO_on_Nomu_at_266mln-SNG_243668745/




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