Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati Stationeries Co. will start on Tuesday its initial public offering (IPO) on the new parallel market, which will last for 10 days till 9 February.

The company will offer 3.2 million shares on the eligible shareholders, representing 20% of the company’s capital through Falcom Financial Services, the financial advisor and IPO manager.

The firm was established in Riyadh in June in 1994, with a capital amounting to SAR 160 million, distributed over 16 million shares at a nominal value of SAR 10 per share.