The Capital Market Authority (CMA) has reportedly approved the initial public offering (IPO) of Altaiseer Group Talco Industrial Company, popularly known as AL Taiseer Aluminium Company or TALCO.
As per the report, TALCO will list 12 million shares, which account for 30 per cent of its share capital.
The news came after approval was granted on Sunday, December 31.
Saudi aluminium firm TALCO is a leading producer and supplier of the finest extruded and finished aluminium products to both the local and international markets, catering to various industries.
TALCO launched its business in 1976 as a fabricator to manufacture doors, windows, and kitchen cabinets. In 1994, it took an ambitious leap by introducing a production line for aluminium. It started with one extrusion press and then gradually expanded to six, with an annual capacity of up to 60,000 tonnes.
TALCO offers the highest international quality products, complying with British Standards Institute (BSI), American Society for Testing Materials (ASTM), European Standards System (EN), and Saudi Standards Organization (SASO).
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