Saudi Exchange Welcomes the listing of Al Taiseer Group Talco Industrial Co. (TALCO) on the Main Market

Riyadh, 13 June 2024: The Saudi Exchange today celebrated the listing of Al Taiseer Group Talco Industrial Co. (TALCO), a leading supplier and manufacturer aluminum products in the Kingdom of Saudi Arabia, on the Main Market. Mr. Nasser Alajaji, Chief of Listing at Saudi Exchange, and Suliman Al-Oufi, Group CEO of TALCO, attended the listing ceremony.

TALCO launched its business in 1976 as a fabricator in the manufacturing of doors, windows and kitchen cabinets. The business later expanded to the manufacturing and production of aluminum profiles using the latest technology, and distributing their products for their clients across the Gulf region.

Mr. Nasser Alajaji, Chief of Listing at Saudi Exchange, said: "Today, we welcome yet another successful listing in the industrials sector, which is a rapidly growing, and increasingly important industry within the Kingdom. The listing of TALCO underscores the dynamic and diverse nature of the Saudi capital market and its attractiveness to investors worldwide. We extend our heartfelt congratulations to TALCO as they embark on a new journey in their company’s history.”

Mr. Suliman Al-Oufi, Group CEO of TALCO, said: "Our commitment to high quality production and technological innovation has enabled us to grow over the years and we now look forward to the next stage of our development as we join the main market in the Saudi Exchange. Our listing marks a new chapter for TALCO, as we continue to develop our business and meet the diverse needs of our local and international customers. We look forward to the opportunities ahead and contributing to the advancement of the listing in the Saudi capital market."

TALCO offered 12 million shares representing 30% of the Company’s issued share capital.

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