Alwasail Industrial board approves transition to TASI

26/12/2023 Argaam

Logo of Alwasail Industrial Co.

Alwasail Industrial Co.'s board of directors approved today, Dec. 26, the company's transfer from the Nomu-Parallel Market to the Main Market (TASI).

 

The transfer is subject to the approval of the Capital Market Authority (CMA) and is conditional on fulfilling all the requirements as per the listing rules, according to a statement to the Saudi Exchange (Tadawul).

 

The company’s board appointed KASB Capital as financial advisor on the transition to TASI, the company said in a separate statement. Alwasail Industrial will announce further updates in due course.

 

Tadawul announced that Alwasail Industrial was listed on Nomu in January 2022, with a capital of SAR 250 million, according to data available with Argaam.

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