Riyadh, Saudi Arabia—Saudi Top for Trading Co. will list 880,000 ordinary shares through an initial public offering on Nomu.
According to a bourse filing, this represents around 22 percent of Riyadh-based Saudi Top’s share capital.
The end price of the offering is expected to be determined once the book-building process for the offering has been completed.
According to the statement, .the offering period will run from Nov. 27 through Dec. 31 for qualified investors.
The company was previously approved by the Saudi Exchange and the Capital Market Authority to float its shares.
Established in 2006, Saudi Top Trading Co. is one of the leading suppliers of chemicals and plastics in Saudi Arabia.