The Capital Market Authority Announces the Approval on Offering Shares of Alsamaani Factory
Wednesday, 11 January 2017

BMG Financial Group, The Financial Advisor of Alsamaani Factory for Metal Industries Company,

has announced that the company has obtained the Capital Market Authority approval for offering 225,000 shares representing 20% of the Company's share capital to be listed in Nomu-Parallel Market which will be launched on the 26th of February, after fulfilling all the listing requirements. The Financial Advisor will be communicating with the qualified investors who are wishing to subscribe in the listing through organizing several workshops in different key cities with dates to be disclosed at a later time.

Alsamaani Company for Metal Industries experience grows for more than 25 years in the Industrial sector. The factory manufactures and supplies all different types of Racking systems, Storage and Handling solutions (Logistics services). It focuses on providing integrated and innovative solution designs to create value added for its clients.

The Company client base covers Government entities, universities and large local and international companies, in addition to exporting to various countries. This diversification has helped the company in achieving significant market share growth and continual growth in its annual sales and profits. The company has collaborated with number of international companies to offer its clients with the most efficient storage solutions to match their needs and meet its growing client base, which reached 1300 client over various sectors.

BMG Financial Group has an extensive experience in listing Saudi Companies in the stock market. Additionally, it has carried out several educational workshops for owners and managers of small and medium enterprises, which aims to raise awareness of the importance of the parallel market in supporting the economy and the Kingdom Vision 2030.

For interested qualified investors wishing to attend the workshops and to meet the Company management, please contact the Financial Adviser on its website

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