Zahr Al Khuzama publishes prospectus for Nomu IPO

Logo of Zahr Al Khuzama Aluminum Co.

Zahr Al Khuzama Aluminum Co. issued today, Oct. 20, the prospectus to float 300,000 ordinary shares on the Nomu-Parallel Market.

The offered shares represent 25% of its pre-IPO capital of SAR 12 million, divided into 1.2 million shares at SAR 10 per share.

Meanwhile, they account for 20% of post-IPO capital of SAR 15 million.

The IPO will be limited to qualified investors, as per the Capital Market Authority's (CMA) instructions. The share offering will run for five days from Nov. 12-18.

In June, the CMA approved the company's application to list its shares on Nomu.

Zahr Al Khuzama was established as a sole proprietorship under the name Zahr Al Khuzama Aluminum Factory in 2016. Its core business activities include the manufacture of aluminum and glass doors and windows, as well as the production of metal structures and components made of aluminum and iron (such as glass support frames). The company also specializes in the manufacturing of glass facades and cladding panels.