Gas Arabian Services to offer 790k shares on Nomu

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RIYADH: Dammam-based Gas Arabian Services will start offering 790,000 ordinary shares on the parallel market Nomu on Sunday Jan. 23, according to a bourse filing. 

The number of shares amounts to 5 percent of the company’s capital, priced at SR75 to SR90 ($20 to $24) each. 

The offering duration will take place for four days, till Jan. 27 2022.   

FALCOM Financial Services Co. is the lead manager of the initial public offering.