‎Qualified investors begin subscription to Amwaj International’s 600,000 shares today

‎Qualified investors begin subscription to Amwaj International’s 600,000 shares today

Qualified investors start today, May 22, subscription to 600,000 shares, or 10% of Amwaj International Co.’s capital, on Nomu - Parallel Market, at SAR 72 per share.

The subscription period will run for four days until May 25, the company added.

This year, Nomu witnessed the initial public offerings (IPOs) of Gas Arabian Services Co. on Jan. 23, Raoom Trading Co. on Jan. 30, Al-Jouf Mineral Water Bottling Co. on Feb. 6, Arabian International Healthcare Holding Co. (Tibbiyah) on Feb. 15, Arabian Food & Dairy Factories Co. (FADECO) on May 11, and Ladun Investment Co. on May 22.

The Capital Market Authority (CMA) approved, on March 21, the application received from Amwaj International to register and offer 600,000 shares, or %10 of its capital, on the Nomu Parallel Market.

The offering will be confined to qualified investors, including the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in