Arabian Plastic set to offer 1 mln shares in IPO on Nomu

21/08/2022 Argaam

Arabian Plastic Industrial Co. (APICO) plans to offer one million ordinary shares, representing 20% of its capital on Nomu-Parallel Market, Yaqeen Capital, the financial advisor and lead manager on the potential offer, said in a filing to Tadawul.

 

On Dec. 5, 2021, the Capital Market Authority (CMA) approved the company’s application to offer and list shares on Nomu. The offer price will be determined through the book-building.

 

The initial public offering (IPO) will run from Sept. 11-13.

 

On Aug. 18, APICO issued prospectus for its IPO on Nomu, according to data available with Argaam.

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