Alwasail Industrial to offer 10% of shares on Saudi's NOMU

The offering period will begin on Sunday, 26 December, and will end on Thursday, 30 December

  
A man checks his mobile phone next to a screen with Saudi Stock Exchange (Tadawul) prices in Riyadh, Saudi Arabia September 16, 2019. REUTERS/Stringer

A man checks his mobile phone next to a screen with Saudi Stock Exchange (Tadawul) prices in Riyadh, Saudi Arabia September 16, 2019. REUTERS/Stringer

Riyadh - Alwasail Industrial Company intends to offer 2.5 million ordinary shares, representing 10% of the company's shares, for the listing on Parallel Market (NOMU).

The offering period will begin on Sunday, 26 December, and will end on Thursday, 30 December, according to a bourse filing on Thursday.

Falcom Financial Services Company is the financial advisor and lead manager on the potential offering.

On 3 November 2021, the Capital Market Authority (CMA) approved the company’s application for the Initial Public Offering (IPO) on NOMU.

Source: Mubasher

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