Dammam-based Armas Co. Ltd plans to list an initial public offering (IPO) on the Nomu parallel market and is awaiting regulatory approval, the firm said in a statement on Sunday.

 

Armas will seek qualified investors once it obtains the regulatory approvals, the statement said, adding that Musharaka Capital Company has been appointed financial advisor for the IPO.  

 

Founded 25 years ago, Armas is a holding company which manufactures building materials under various brand names.

 

The company was restructured in 2013 through several managerial, operational and financial reforms, which had a positive impact on its financial results.

 

The Nomu parallel market was launched in February this year, and has seven companies currently listed.  

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request