Amiantit: East Gas Company Applies for 20% Capital Listing on Nomu

The Saudi Arabian Amiantit Company announced on Thursday that East Gas Company, in which it holds a 13% stake, has submitted an application to the Capital Market Authority (CMA) for the listing of 20% of its capital on the parallel market, Nomu. The move is a step towards a future public listing, the company stated.

East Gas Company, with a capital of SAR 80 million, filed its request on Wednesday, August 21, 2024. The company specializes in the distribution of natural gas to industrial cities and has played a significant role in supporting infrastructure for factories across these areas. The decision to seek a listing on Nomu reflects East Gas Company’s growing success in the field of natural gas distribution and its aim to enhance its position within the industrial sector.

Amiantit highlighted that East Gas’ potential listing in the parallel market marks a key achievement in its business journey, as it continues to strengthen its role in Saudi Arabia’s industrial infrastructure development.