Raoom Trading Co. has hired Wasatah Capital as financial advisor for its planned initial public offering (IPO) on the Nomu Parallel Market, Wasatah said in a statement.

 

Raoom was established in 1988 as Raoom Trading Corp with SAR 4 million in capital. It was converted into a limited liability company in 2014, then into a closed joint stock company with SAR 115 million in capital.

 

The Qassim-based Raoom is a major importer and distributor of glass, polycarbonate and acrylic inside and outside the Kingdom.

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