logo ofService Equipment Co.
The Capital Market Authority (CMA) approved today, Dec. 9, Service Equipment Co.’s application to float 720,000 shares, or 30% of the company’s capital reaching 2.4 million shares, on the Nomu-Parallel Market, according to the market regulator website.
The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules.
The prospectus will be published within sufficient time prior to the start of the offering.
The CMA’s approval is valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period.
Established in 1980, the company specializes in providing maintenance equipment, such as car lifts, car wash systems, fuel station equipment, mechanical hand tools, and air conditioning maintenance tools. Its board of directors is chaired by Ahmed Omar Balbaid, according to the company’s website.
logo ofService Equipment Co.
The Capital Market Authority (CMA) approved today, Dec. 9, Service Equipment Co.’s application to float 720,000 shares, or 30% of the company’s capital reaching 2.4 million shares, on the Nomu-Parallel Market, according to the market regulator website.
The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules.
The prospectus will be published within sufficient time prior to the start of the offering.
The CMA’s approval is valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period.
Established in 1980, the company specializes in providing maintenance equipment, such as car lifts, car wash systems, fuel station equipment, mechanical hand tools, and air conditioning maintenance tools. Its board of directors is chaired by Ahmed Omar Balbaid, according to the company’s website.
