Edaa deposits Alwasail Industrial subscribed securities into shareholders’ accounts today

16/01/2022 Argaam
Logo of Alwasail Industrial Co.

Logo of Alwasail Industrial Co.

The Securities Depository Center Company (Edaa) deposited, today, Jan. 16, the subscribed securities of Alwasail Industrial Co. into the accounts of eligible shareholders.

 

Qualified investors started on Dec. 26, subscription to 2.5 million shares of Alwasail Industrial on the Nomu Parallel Market, with an initial public offering (IPO) price range set between SAR 16-19 per share, Argaam reported.

 

Tadawul approved, on Oct. 24, the company’s application for the listing its shares on Nomu. The Capital Market Authority (CMA) had approved Alwasail’s application for the initial public offering (IPO) on Nomu on Nov. 3.

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