RIYADH: Rozen Arabia plans to list its shares on Saudi Arabia’s parallel market, Nomu, by 2023, Argaam reported on Thursday.
As part of its pre-listing strategy, the manufacturing company, which produces tissue papers and sells plastic and hygiene products, said it is eyeing companies in similar fields for acquisition.
It plans to reach its full production capacity of about 5,000 tons and achieve the profitability of more than SR12 million ($3.2 million) for its owners and shareholders by 2023.
The company also plans to expand its capacity in the future to 15,000 tons and achieve SR100 million in sales.
