Aluminum lavender blossom emblem
Firm introduced Lavender blossom for aluminum The method of providing its shares within the parallel market – Nomu was not accomplished, because of the shortage of protection of subscription for the providing shares.
The corporate confirmed in an announcement to Tadawul that the subscription to the corporate’s shares is taken into account canceled accordingly.
The collected subscription quantities shall be refunded to subscribers ranging from the date of the announcement and inside a most of two enterprise days, in line with the corporate.
The corporate had supplied 300,000 shares (representing 25% of its capital earlier than the providing) within the parallel market to certified buyers, at a value of 48 riyals per share, on November 12, and the subscription interval was prolonged from November 18 till November 25, and was canceled immediately as a consequence of lack of protection.
It’s noteworthy that the corporate is energetic within the manufacture of doorways and home windows fabricated from aluminum and glass, and the manufacture of metallic constructions and their components fabricated from aluminum and iron (fixing frames for glass), along with the manufacture of glass facades and cladding. The corporate’s present capital is 12 million riyals, divided into 1.2 million shares.
