Al Wasail Industrial issues prospectus for IPO on Nomu

01/12/2021 Argaam

Logo of Al Wasail Industrial Co.

Al Wasail Industrial Co. issued its prospectus for the planned initial public offering (IPO) on Nomu Parallel Market, as the company plans to sell 2.5 million shares, or 10% of its capital.

  

The offering will be confined to qualified investors, according to CMA regulations.

 

Company Profile

Company

Al Wasail Industrial Co.

Market

Nomu Parallel Market

Work Scope

Production of polyethylene pipes

Capital

SAR 250 mln
 

IPO Highlights

Issue Percentage (%)

10%

Number of Shares Offered

2.5 mln

Qualified Subscribers

Qualified investors

Minimum Limit

10 shares

Maximum Limit

124,999 shares

Subscription Period

From Dec. 26-30

Final Allocation

Jan. 4

Surplus Refunds (if any)

Jan. 6

For More IPOs

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