Logo of Al-Hasoob Trading Co.

Al-Hasoob Trading Co. intends to proceed with the offering and listing of its shares on the Nomu Parallel Market, Darfin Capital -- the financial advisor for the potential offering -- said in a statement to Tadawul.

 

The offering is expected to comprise a sale of existing shares and result in a free float of 20%, it added.

 

The company obtained Tadawul's approval on its application for the listing on Dec. 2, 2020. The Capital Market Authority's (CMA) approved its initial public offering (IPO) of 280,000 ordinary shares (20% of share capital) on Sept. 20.

 

The final offering price will be determined for all subscribers and notified before the start of the offering period.

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