JEDDAH: Saudi Arabian Amiantit Co. announced East Gas Company’s (EGC) approval to list the company on Nomu Parallel Market.
Arbah Capital was appointed as financial advisor for the process, Amiantit, which holds a 13 percent stake in EGC, announced in a bourse filing on Thursday.
GASCO owns 35 percent stake in East Gas while Saudi paper holds a 26 percent stake, according to Argaam.
Applying for listing is subject to the approvals of the regulatory authorities in Saudi Arabia, including the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Ministry of Commerce.