2023-11-30 18:29:09
For his part, Fahd Al-Haqbani, Vice Chairman and CEO of Armah Sports Company, said: “Armah Sports Company seeks to strengthen its position in the field of fitness. The successful listing of the company in the Saudi Tadawul is considered a milestone in our journey, as it gives us the opportunity to obtain the necessary financing.” To enhance the company’s capabilities in the aspects of training, improving infrastructure, and administrative aspects, which facilitates the achievement of our ambitions to expand in the Kingdom. This listing also supports our commitment to developing the leading fitness technology that we have taken as the basis of our business since the founding of the company. “Nomu” is considered the parallel stock market for Saudi trading, which is An alternative platform for companies seeking to expand and offer their shares on the financial market. Nomu – the parallel market aims to provide the opportunity for small and medium-sized companies to diversify funding sources, expand and develop their business and activities by enabling them to list on more flexible terms in terms of market value requirements and the percentage of shares offered, and limiting The lowest number of shareholders, and is available to qualified investors only. Armah Sports Company had offered “4,927,958” shares at an offering price of 28 Saudi riyals per share.
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