Riyadh – Mubasher: Atlas Elevators Co appointed Saudi Kuwaiti Finance House (SKFH) as a financial advisor for its initial public offering (IPO) on the Saudi Nomu-Parallel Market.
SKFH said that it will manage the preparation of the firm to be listed on the parallel market and obtain the regulatory approvals needed for the listing as per the regulations issued by the Saudi Capital Market Authority (CMA).
The finance house will also contact eligible shareholders to invest in the company’s shares offered for subscription, according to a statement on Sunday.
Atlas Elevators was founded in 2010 and work in elevators’ production.
