Saudi Exchange Celebrates the listing of Saudi Lime Industries Company on the Nomu - Parallel Market.
Riyadh, 27 April 2023: The Saudi Exchange today celebrated the listing of Saudi Lime Industries Company on the Nomu – Parallel Market. Saudi Lime Industries Company is one of the leading limestone companies in the Middle East and it produces a wide variety of top-quality products. The listing ceremony was attended by Mr. Mohammed Al-Rumaih, CEO of Saudi Exchange and Mr. Ahmed Elewa, CEO of Saudi Lime Industries Company.
Mr. Mohammed Al-Rumaih, CEO of Saudi Exchange, said, “The listing of Saudi Lime Industries Company highlights the strength of our listings pipeline since the beginning of this year and showcases the wide range of industries represented on Nomu – the Parallel Market of the Saudi Exchange. We would like to congratulate the company’s management and look forward to witnessing the growth and success of Saudi Lime Industries Company. We hope this listing will encourage other companies operating in the mining industry to consider listing as part of their growth journey.”
Ahmed Elewa, CEO of Saudi Lime Industries Company, commented, “Today’s announcement marks a new phase in our company’s growth journey. This listing will improve our sustainable products’ manufacturing, and help us become leaders and innovators in the mining industry. I would like to thank our employees, partners, customers and other key stakeholders for their hard work and support over the years, and we look forward to creating long-term and sustainable value for our shareholders.
Nomu is the Saudi Exchange’s parallel market, which acts as an alternative platform for companies seeking to expand and go public. Nomu aims to provide an opportunity for small and medium-sized companies to diversify their sources of funding and develop their businesses and activities by offering lighter listing requirements in terms of market capitalization, percentage of shares offered and minimum number of shareholders. Nomu is available only for qualified investors.
Saudi Lime Industries Company offered 2,000,000 shares, at the offering price of SAR 17 per share.