Riyadh - Mubasher: Alwasail Industrial Company intends to offer 2.5 million ordinary shares, representing 10% of the company's shares, for the listing on Parallel Market (NOMU).

The offering period will begin on Sunday, 26 December, and will end on Thursday, 30 December, according to a bourse filing on Thursday.

Falcom Financial Services Company is the financial advisor and lead manager on the potential offering.

On 3 November 2021, the Capital Market Authority (CMA) approved the company’s application for the Initial Public Offering (IPO) on NOMU.