Riyadh – Mubasher: Saudi National Building and Marketing (NBM) chose KASB Capital to be the financial advisor for the offering and listing of the company's shares on the Saudi second stock exchange market,
KASB stated that it is working on completing the regulatory requirements and obtaining the approval of the Capital Market Authority (CMA) to offer the company's shares on the Saudi secondary market.
NBM was established in 1990 as a joint stock company with a SAR 100 million capital. It trades in all types of building materials and especially steel in Riyadh and produces 220,000 tons of steel a year.
