Golden Engineering appoints Amwal Financial for Nomu share offering

Signing ceremony 

Golden Engineering Contracting Co. (GTEL), a one-person, limited liability company (LLC) based in Riyadh, appointed Amwal Financial as financial advisor for the company’s share offering on Nomu-Parellel Market.

The listing will be subject to regulatory approvals of the Capital Market Authority (CMA) and Saudi Tadawul Group Holding Co. (Tadawul Group).

GTEL began operations in 2009 and is mainly engaged in developing telecom infrastructure, information technology and networking projects. This is in addition to establishing wired and wireless communications tower stations, installing and maintaining security devices, as well as extending pipes of various types for electricity, communications and others. 

The company’s strategy aims to provide high-quality services to partners and build long-term relations through qualified work teams, business portfolio expansions and the provision of innovative solutions to customers.

The share listing is considered a significant step to help the company become a market leader locally and regionally, and support future plans over the coming period, stated GTEL CEO Abdullah AlGhadeer.

Meanwhile, Amwal Financial CEO Mahmoud Al-Sayyed indicated that the step mirrors GTEL’s confidence in the company after its success in listing two companies on Nomu year-to-date (YTD).

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