Marble Design issues prospectus for 10% IPO on Nomu

Logo of Marble Design Co.

Marble Design Co. issued today, June 20, its prospectus to float 600,000 shares, or 10% of its SAR 60 million capital, on Nomu-Parallel Market.

The share sale will run from July 23-27 for qualified investors.

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

Marble Design is a closed Saudi joint stock company, established as a sole proprietorship in 2007, with headquarters in Riyadh.

The company's activities focus on cutting, sawing, and installing marble.

Marble Design’s actual activities are represented in the manufacture of natural rocks (marble floors and facades). It imports natural marble through its subsidiary from all regions of the world (Italy, Spain, India, and the UAE) in the form of slabs to be ready for cutting based on the designs approved by each customer.

The company's activities are divided into two main businesses:

- Commercial business: Marble Design, through its subsidiary, imports natural marble slabs from all regions of the world, either to sell them, or to be cut and shaped.

- The natural rock industry business (marble): The firm processes ready-made marble slabs according to the designs requested by the customer.

The Capital Market Authority (CMA) approved, on March 27, the application submitted by the company to offer its shares on Nomu.

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