‎Meyar issues prospectus to list 265,400 shares on Nomu

‎Meyar issues prospectus to list 265,400 shares on Nomu

Meyar Co. issued today the prospectus to list 265,400 shares, on Tadawul's Nomu-Parallel Market.

This represents 20% of Meyar’s SAR 13.27 million capital, or 1.33 million shares.

The Capital Market Authority (CMA) approved, in December 2022, the application submitted by the company to register and offer 265,400 shares on Nomu.

The offer period will run from March 19-23.

Meyar Co. was established as a closed joint-stock company in November 1999 in Al Majmaah. It is active, as per its articles of association, in practicing contracting and ready-mix concrete activities.

The company's current actual activity, as at the date of this prospectus, is represented in the manufacture of hollow cement blocks and bricks, ready-mixed concrete and precast insulated concrete, as well as the general construction of residential buildings and non-residential buildings and others.