Rawabi Marketing issues prospectus to sell 1M shares on Nomu

Logo of Rawabi Marketing International Co. (RMI)

Rawabi Marketing International Co. (RMI) issued a prospectus to offer one million shares on the Nomu-Parallel Market.
 
The shares to be offered represent 6.90% of the company’s pre-IPO capital, which amounts to SAR 145 million and is divided into 14.5 million at a par value of SAR 10 each.

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These shares account for 6.45% of the company’s post-IPO capital, which will reach SAR 155 million.

They will be offered to qualified investors as stipulated in the Capital Market Authority’s (CMA) regulations and rules.

The share sale will start from Aug. 27 to Sept. 3.

The market regulator approved RMI’s application to float shares on March 20.

RMI was established as a limited liability company in 1998. The company’s current core activities include the trade and marketing of chemical products and materials, in addition to marketing the products of its subsidiaries. The chemicals imported by the company from local or international suppliers are used in water treatment and poultry farms. The company is also involved in the import and export of certain products inside and outside Saudi Arabia in cooperation with local and international suppliers.