Riyadh – Mubasher: Yaqeen Capital Company, acting in its capacity as the Financial Advisor and Lead Manager for the initial public offering (IPO) of MSGA Investment Company, has announced the successful completion of the offering process for the company’s shares on the Saudi Exchange’s (Tadawul) Parallel Market (Nomu).
The subscription period commenced on 17 June 2026 and remained open for five business days to conclude on 24 June, during which a 144.59% coverage ratio of the total shares made available to qualified investors was reached.
The offering involved the issuance of 11.11 million ordinary shares, representing a 10% stake in MSGA Investment Company’s total share capital.
According to the disclosure released by Yaqeen Capital, the shares were offered at a fixed price of SAR 6 per share, bringing the total size of the offering to approximately SAR 66.67 million.
During the subscription period, the offering attracted substantial interest from qualified investors, leading to the oversubscription of the available shares. The final coverage figure, meanwhile, indicated that the total value of orders placed exceeded the offering size by nearly half, reflecting a positive reception from the market participants eligible to trade on the Nomu platform.
Following the successful conclusion of the subscription phase, Yaqeen Capital has confirmed that it will proceed with the final administrative and regulatory requirements.
As the Lead Manager, the firm is currently working in coordination with Tadawul to finalize the allocation of shares to subscribers and complete the necessary formalities for the formal debut of the stock.
The specific date for the commencement of trading for MSGA Investment shares on Nomu will be determined and announced once these procedures are concluded.
Nomu serves as an alternative trading platform with lighter listing requirements compared to the Main Market, specifically designed to provide growth-oriented companies and small-to-medium enterprises with access to capital markets.
Meanwhile, the successful offering by MSGA Investment Company aligns with the broader trend of increasing liquidity and diversification within the Saudi financial ecosystem.
Investors and interested parties seeking further technical details regarding the company’s financial standing, governance structure, and risk factors are directed to the official prospectus. This document remains available for public review on the website of the Capital Market Authority (CMA).
The prospectus provides the comprehensive legal and financial framework that governed the offering and serves as the primary reference for the company’s operational and strategic outlook as it enters the public market.
The finalization of this offering represents the culmination of the preparatory phase led by Yaqeen Capital. The focus now shifts to the technical integration of the company into the Tadawul system, which will allow for the official listing and subsequent secondary market trading of the shares.
This move is expected to enhance the company's corporate profile and provide a transparent valuation mechanism through the supply and demand dynamics of Tadawul.
