Arab News, Monday, Jan 17, 2022 | Jamada Al-Aakhirah 14, 1443
Two new firms to join Saudi Exchange’s parallel market on Tuesday
Saudi Arabia:
The Kingdom’s stock market is to see two new
company listings on Tuesday, Jan. 18, the Saudi exchange, Tadawul, announced in
a filing.
Alwasail Industrial Co. and AME Co. for Medical
Supplies will debut their shares on Nomu, Saudi bourse’s parallel market.
Alwasail Industrial’s final offer price was set at
the top of the indicative range, at SR19 ($5.06) per share.
This came in line with the completion of qualified
investors’ book-building by FALCOM Financial Services Co., where the offering
was 16.2 times covered.
Based in Buraydah, Alwasail manufactures plastic
pipes to support irrigation systems, water, gas, communications, and sewage
projects.
AME Co. for Medical Supplies’ IPO prospectus was
issued in late December last year, financial advisor Aldukheil Financial Group
said in a bourse statement. The price guidance per share was set at SR50.
Headquartered in Jeddah, the company belongs to
the Kingdom’s healthcare sector.