It will offer 30% of the company's issued share capital post capital increase
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DUBAI - Morabaha Marina Financing Company, a non-bank finance institution based in Saudi Arabia, on Monday said it will carry out an initial public offering (IPO) on the Saudi Exchange's main market.
It will offer 30% of the company's issued share capital post capital increase, Morabaha said in a statement, adding it intends to use the net proceeds of the primary issuance to strengthen its capital base to support future growth.
(Writing by Lisa Barrington; Editing by Jan Harvey)
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