The merger will consolidate the operations of Harwal’s plastic products division and its industrial solutions unit into a single entity. This newly formed company is expected to leverage synergies between the two businesses, optimize resource allocation, and streamline production processes. The integration aligns with Harwal Group's broader strategy to strengthen its competitive edge and expand its footprint in the regional and global markets.
Listing the merged entity on NOMU, the parallel market of the Saudi Stock Exchange (Tadawul), is part of Harwal’s plan to raise capital and increase its visibility among investors. NOMU offers a platform for smaller and growing companies to access public capital, and Harwal’s move reflects the market's increasing appeal for firms seeking to enhance their financial base and shareholder value.
The decision to go public on NOMU follows a period of substantial growth for Harwal Group, which has seen a surge in demand for its products across various sectors. The merger is anticipated to provide the combined entity with a robust financial foundation, enabling it to pursue new opportunities and respond more effectively to market demands.
Industry experts suggest that the merger will not only bolster Harwal’s market position but also offer a significant boost to the Saudi economy. By integrating its operations and listing on NOMU, Harwal Group is expected to attract more investors and enhance its capital structure, which could drive further innovation and expansion.
The combined entity will benefit from Harwal’s extensive experience in manufacturing and distribution, as well as its established network of clients and partners. This merger is poised to create a more agile and resource-efficient organization, capable of addressing the evolving needs of the industry and capitalizing on emerging trends.
As the merger progresses, Harwal Group will focus on aligning the operational and strategic goals of the two companies to ensure a smooth transition and integration. The company is committed to maintaining high standards of corporate governance and transparency throughout the process, which will be crucial for gaining investor confidence and achieving long-term success.
Harwal’s move to list on NOMU comes amid a broader trend of companies in the region seeking alternative avenues for capital raising and growth. NOMU, which serves as a platform for companies that may not yet meet the criteria for listing on the main Tadawul market, has gained traction among businesses looking to tap into the growing investor base and benefit from the advantages of being publicly listed.
The merger and subsequent listing are expected to have significant implications for Harwal’s business strategy and market dynamics. By consolidating its operations and accessing public capital, Harwal Group aims to position itself as a leader in the manufacturing sector, capable of driving innovation and achieving sustained growth.