Saudi Tadawul announced that the shares of Amwaj International Company will be listed and started trading on the parallel market, Nomu, as of June 16.
The company had offered 600,000 shares, representing 10% of its capital, in the period from 22 to 25 May at a price of 72 riyals per share.
The coverage ratio during the offering period was about 980% of the total shares offered.
Last January, the company obtained the approval of the Tadawul and the Capital Market Authority to offer its shares for public subscription on the parallel market.
It is noteworthy that “Amwaj International” was established in 2001, and is specialized in selling and distributing home appliances in the Kingdom.