Riyadh – Mubasher: Samnan Trading and Maintenance Company said that it intends to offer 30% of its total shares for the initial public offering (IPO).

The company added that it hired Alawwal Invest as the financial advisor and the IPO manager, according to a statement published on its website.

The subscription of Samnan will contribute to the increase of its investments and expansion and the continuation of growth, Abdulrahman Bin Sulaiman, CEO of Samnan, said.

The firm was established in 1958.