RIYADH: Arabian Plastic Industrial Co.’s shares are scheduled to begin trading on Tadawul’s Nomu-Parallel Market today, Oct. 5.
APICO offered 1 million shares, or 20 percent of its SR50 million ($13 million) market capitalization.
The offering coverage was 15.43 times oversubscribed, with the offer price set at SR27 per share.
Established in 1996, APICO serves customers across different sectors, including but not limited to Almarai Co., flynas, TotalEnergies, and Nahdi Medical Co.
