Pan Gulf Marketing issues prospectus to float 600,000 shares on Nomu

Logo of Pan Gulf Marketing Co.

Pan Gulf Marketing Co. issued today, Dec. 4, the prospectus to list 600,000 shares on the Nomu-Parallel Market.

The offering shares represent 12% of the company’s SAR 50 million capital, divided into 5 million shares.

The Capital Market Authority (CMA) approved the offering on Sept. 27, 2023.

The share sale will run from Jan. 10-18, 2024.

The offering will be limited to qualified investors as stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

Pan Gulf Marketing was established in Riyadh in 1985 as a limited liability company, which converted into a closed joint stock company in 2011.

The company's activities, according to its commercial register, include repairing typewriters and photocopiers, maintaining electrically powered hand tools and appliances, as well as repairing and maintaining of multi-use consumer machinery. This is in addition to the wholesale trade of textiles, footwear, household goods, accessories, stationery and other stationery, retail sale of camping equipment, trekking supplies, hunting tools, toys, bags, packaging equipment, cleaning materials, and sale of tools and plastics.

Pan Gulf Marketing is currently active in purchasing, importing and exporting stationery and office supplies stationery products.