Riyadh – Mubasher: East Gas Company, in which Saudi Arabian Amiantit Company owns 31% of capital, plans to list and trade shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul), Amiantit announced on Thursday upon a letter from East Gas’ Chairman.
East Gas has appointed Arbah Financial Company to be the financial advisor for the listing process.
Amiantit noted that the impact of this decision could not be measured at the current time, yet it will be determined following file submission and obtaining approvals of regulatory and supervisory authorities, including the Capital Market Authority (CMA), Tadawul, the Ministry of Commerce, and other related entities.
