“Neft Alsharq” to list 20% of its shares in “Nomu”

Yaqeen Financial Company (Yaqeen Capital), in its capacity as the financial advisor and underwriting manager for the potential offering of Neft Alsharq for Chemical Industries Company, announced the company’s intention to offer 5 million shares, representing 20% of the total capital after the offering, and to list its shares in the parallel market.

The company obtained market approval issued on 12/12/2023 AD to list the company’s shares in the parallel market, and the approval of the Capital Market Authority on 03/13/2024 AD to register and offer the company’s shares for subscription in the parallel market.

The final offering price will be determined for all subscribers after the end of the book-building period, while the offering period will start on Sunday, May 26, 2024 and end on June 2, 2024.