Amiantit’s East Gas files to list 20% of shares on Nomu

22/08/2024 Argaam

Amiantit’s East Gas files to list 20% of shares on Nomu

Logo of East Gas Co.

Saudi Arabian Amiantit Co. and Saudi Paper Manufacturing Co. announced receiving a letter from East Gas Co. on May 19, about applying to the Capital Market Authority (CMA) for a direct listing on the Nomu -Parallel Market. 

 

The file was submitted by East Gas financial advisor, Arbah Capital Co. 

 

In separate statements to Tadawul, the two companies said the procedure and any material developments will be announced in due course. 

 

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In November 2021, East Gas started taking necessary measures to list on Nomu, according to the data available on Argaam.   

 

Amiantit, National Gas and Industrialization Co. (GASCO), and Saudi Paper own 13%, 35% and 26% stakes, respectively, in East Gas. 

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