Sindi Thobe appoints Alkhair Capital as financial advisor for Nomu listing

21/02/2021 Argaam

Signing ceremony

Sindi Thobe appointed Alkhair Capital as a financial advisor for the listing on the Nomu-Parallel Market, according to Mesk Trade.

 

The potential offering is subject to the regulatory approvals of the Capital Market Authority (CMA).

 

Mesk Trade acquired Sindi Thobe and its branches across Saudi Arabia, where it currently operates 15 stores. Incepted in 2008, Sindi Thobe became one of the Kingdom’s top brand names, and is specialized in high-quality tailored thobes with modern concepts and designs as well as providing a wide range of high-standard fabrics from around the world. Its products include head-wear, vests, homeware, uniforms, shoes and accessories.

 

The company plans to expand its foothold and open more than 30 stores locally and regionally, in addition to developing its product portfolio.

 

Investors can currently subscribe via CMA-authorized Emkan platform.

 

Alkhair Capital is a CMA-authorized Sharia-compliant firm, which was established in 2009 in Riyadh.

 

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