Saudi glass manufacturer Obeikan tops Nomu on debut as it eyes industry expansion

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Mon, 2022-02-07 13:03

RIYADH: Riyadh-based Obeikan Glass Co. has seen its shares soar 30 percent on its stock exchange debut, topping Saudi exchange’s parallel market, Nomu.

Shares hit SR88.4 ($23.6) at noon Saudi time, after the price guidance was set at SR68.

The company’s chief Fayez Abdulrazzag told Argaam that “the company’s management is working on finalizing the required paperwork to transition to the main market.”  

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