Logo of Arabian Plastic Industrial Co. (APICO)
Shares of Arabian Plastic Industrial Co. (APICO) will begin trading on Nomu-Parallel Market today, Oct. 5, with symbol 9548 and ISIN Code SA15KGDKL611.
Shares will trade with +/-30% daily price fluctuation limits and +/- 10% static price fluctuation limits.
The company offered one million shares, or 20% of capital of SAR 50 million.
The IPO was 15.43% oversubscribed, with the offer price set at SAR 27 per share.
This is the 25th listing on Nomu this year, including 11 direct listings and 14 listings through offering shares to qualified investors.
Company Info:
APICO, a Saudi closed shareholding company, was established in 1993 with its headquarters in Jeddah.
The company's capital amounts to SAR 50 million, divided into 5 million shares.
The company's activities are as follows: Manufacture of plastics in their primary forms, manufacture of boxes of plastics, manufacture of bottles of various forms of plastics, manufacture of bags of plastics, wholesale of primary plastics, rubber and synthetic fibers, sale of plastic tools and materials (including bags), general stores that include a variety of goods.
The company's operations are distributed among four segments, namely: injection molding, thermoforming, film and blow molding.
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Company Profile |
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Company |
Arabian Plastic Industrial Co. (APICO) |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of plastic cans and containers |
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Capital |
SAR 50 mln |
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Company Shareholders |
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Shareholders |
Number of Shares (mln shares) |
Ownership (%) |
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Omer Abu Baker Balbeed Co. Ltd. |
3.2 |
64% |
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Others (61 investors) |
0.8 |
16% |
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Qualified Investors (Public) |
1.0 |
20% |
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Total |
5.0 |
100% |
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