Arabian Plastic Industrial to start trading on Nomu on Wednesday

Arab News
APICO offered 1 million shares, or 20 percent of its valuation, via an initial public offering at SR27 ($7.19) per share. (Supplied)
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RIYADH: Jeddah-based Arabian Plastic Industrial Co. will start trading on Saudi Arabia’s parallel stock market Nomu on Oct. 5, a bourse filing showed.

APICO offered 1 million shares, or 20 percent of its valuation, via an initial public offering at SR27 ($7.19) per share. 

The offering coverage was 15.43 times the total shares offered during the subscription period. 

Established in 1996, APICO serves customers across different sectors, including but not limited to Almarai Co., flynas, TotalEnergies, and Nahdi Medical Co.

Topics: Saudi Tadawul Listing