Gulf Steel Works (GSW) is set to offer shares in an initial public offering (IPO) on the Nomu Parallel Market, the company’s vice chairman, Salah A. Al-Otaibi.

 

He did not give any indication of the size or the time of the potential issue.

 

The Saudi company, based in the Jubail Industrial City, has appointed Saudi Fransi Capital as a financial advisor and lead manager of the IPO.

 

Gulf Steel Works (GSW), owned by Pan Gulf Holding, is a Saudi-based privately owned company established in 1993.  It fabricates equipment and heavy steel structures for the hydrocarbon processing industries, fertilizers, process chemical and primary utilities.

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