The Capital Market Authority (CMA) has issued its resolution approving the prospectus of Arabian Waterproofing Industries Company (Awazel Company) and the initial public offering of (8,189,994) shares representing (30%) of the company’s share capital.
A portion of the offered shares will be allocated to institutional investors. The Company's shares will be offered during the period from 10/02/1439H to 16/02 /1439H, which corresponds to the period from September 30, 2017 until November 5, 2017, once the book-building process is complete.
Awazel Company was established in 1981 with the opening of an oxidation plant and membrane production lines in Jeddah and Riyadh to become the largest and most comprehensive manufacturer of bitumen (Asphalt) based waterproofing material in the Middle East.
Today the company exports to GCC, Middle East, Southern East Asia, Africa and Eastern Europe.