MSGA Investment sets Nomu IPO price at SAR 6, opens June 17

Yaqeen Capital Co., the financial advisor and lead manager, set the offering price for the initial public offering (IPO) of MSGA Investment Co. on the Parallel Market (Nomu) at SAR 6 per share.

The company plans to offer 11.11 million shares, representing 10% of its capital after the offering and capital increase, compared with 11.11% before the offering, according to Argaam's data.

The Capital Market Authority (CMA) approved MSGA Investment's application to register its shares and offer them on Nomu in March 2026.

The offering is limited to qualified investors. The subscription period runs for six business days, from June 17 to June 24, 2026.

MSGA will allocate the entire net proceeds from the offering to its expansion plan, which targets establishing a market presence and achieving sustainable growth.

Founded in 2020 in Riyadh, MSGA Investment operates in real estate development and investment, focusing on developing and constructing residential and non-residential units.