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.
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Company Profile |
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Company |
Al Wasail Industrial Co. |
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Market |
Nomu Parallel Market |
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Work Scope |
Production of polyethylene pipes |
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Capital |
SAR 250 mln |
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IPO Highlights |
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Issue Percentage (%) |
10% |
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Number of Shares Offered |
2.5 mln |
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Qualified Subscribers |
Qualified investors |
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Minimum Limit |
10 shares |
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Maximum Limit |
124,999 shares |
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Subscription Period |
From Dec. 26-30 |
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Final Allocation |
Jan. 4 |
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Surplus Refunds (if any) |
Jan. 6 |
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