Saudi Ferro Alloys producers Sabayek to list on Nomu by 2024: Argaam

RIYADH: Gulf Ferro Alloys Co. is seeking to list its shares on Saudi Arabia’s parallel market Nomu by 2024, General Manager, Qusay Al-Khalili, told Argaam.   The company, which is known as Sabayek, is currently working on its internal procedures and governance, as well as preparing the regulatory documents for the offering, according to Al-Khalili.

“We are producing 130,000 tons per annum of ferroalloys, fulfilling demand for ferroalloys locally and in the GCC countries,” Al Khalili added.