Amiantit Receives Letter from East Gas Co. on Parallel Market Listing

Saudi Arabian Amiantit Company announced on Thursday it received a letter from the chairman of the Board of Directors of East Gas Company on 17.11.2021 which based on the resolution of the Partners Association of the East Gas Company on approval to start taking the necessary procedures to list the Company in the parallel Saudi market (Nomu), the Company has appointed Arbah Financial Company as a financial advisor, knowing that Saudi Arabian Amiantit Company owns 13% of the share of the Company capital.

“The impact cannot be measured currently except after submitting the file and obtaining the approval of the regulatory and supervisory authorities.” The company said.

Applying for listing is subject to the requirements and approvals of the regulatory and supervisory authorities in the Kingdom of Saudi Arabia, including the Capital Market Authority, the Saudi Stock Exchange (Tadawul), the Ministry of Commerce and any other regulatory authority.