Latest news with #NomuMarket
Zawya
2 days ago
- Business
- Zawya
Al Kuzama Trading to debut on Saudi's Nomu on June 2
Shares of Al Kuzama Trading Company will be listed on the Nomu-Parallel Market on June 2. The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange said in a statement. This month, the company sold 422,400 shares on Nomu, representing 10.71% of its post-IPO capital, to qualified investors. The offering was 108.38% oversubscribed, with the price set at SAR 107 per share. The minimum and maximum subscriptions were fixed at 10 and 197,100 shares, respectively. (Editing by Seban Scaria
Argaam
2 days ago
- Business
- Argaam
Al Kuzama shares to debut on Nomu on June 2
The Saudi Exchange (Tadawul) announced that Al Kuzama Trading Co. will start trading on the Nomu -Parallel Market as of June 2, with the symbol 9636 and ISIN Code SA16AG54MI15. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, May 29. For More IPOs Separately, the Securities Depository Center Co. (Edaa) said Al Kuzama's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam data, the company earlier floated 422,400 shares, representing 10.71% of the company's post-IPO capital and 12% of pre-IPO capital, at a nominal value of SAR 10 each. The final IPO price was set at SAR 107 each, and the offering was 108.38% covered.
Zawya
4 days ago
- Business
- Zawya
Adeer Real Estate shares gain 4.9% in Nomu market debut
Riyadh – Shares of Adeer Real Estate closed higher by 4.9% on Monday, in their first trading session on Saudi Arabia's Nomu – Parallel Market, ending the day at SAR 89.20, up SAR 4.20. The stock saw trading volumes reach 174,951 shares, with a total turnover of approximately SAR 16.6 million, executed through 730 transactions. The company, which operates in real estate marketing and property management, had announced the listing of 1 million shares, representing 20% of its capital of SAR 50 million. The offering achieved an oversubscription rate of 679.7%, reflecting strong investor appetite. The shares were listed under the ticker symbol 9634, with the international ISIN SA16A1AKMH11. Strategic Milestone Speaking on the occasion, Muteb Hamad Al Saad, CEO and Managing Director of Adeer Real Estate, described the listing as a 'strategic milestone' in the company's growth journey. 'Entering the Nomu market enables us to strengthen our market position and broaden our services in the real estate sector,' he said, adding that Adeer is focused on offering specialized real estate marketing services that support urban development and respond to market and investor needs. Al Saad also highlighted the company's alignment with Saudi Vision 2030, stating: 'We are proud to play a role in supporting national economic diversification and enhancing the efficiency of key sectors, particularly real estate.' He further emphasized Adeer's commitment to governance, transparency, and innovation, stating that the company aims to build sustainable value for shareholders. Al Saad extended his thanks to the Capital Market Authority, Saudi Tadawul Group, and the Real Estate General Authority for their support throughout the listing process. Expansion Beyond Borders Commenting on the listing, Eng. Bassel El-Serafy, CEO of Adeer International, stated that the move will allow the company to diversify its funding sources and contribute to the development of the Kingdom's capital markets. He revealed that the group plans to list part of its shares on the Egyptian Exchange within the next five years and is preparing several subsidiaries for listing either on Egypt's main market or NILEX, depending on the size and strategic focus of each entity. About Adeer Real Estate Founded in 2012 in Saudi Arabia's Eastern Province, Adeer Real Estate operates across real estate marketing, sales (including direct sales, auctions, and sales centers), and property management. The company follows sustainable practices in maintenance and operational reporting. The company's ownership structure is led by Sumou International Investment Company with a 60% stake. The remaining 40% is held equally among four individual shareholders, with a 20% free float now available on the Nomu market following the IPO. About Adeer International Adeer International, a Saudi-owned company, began its international operations in 2021, first establishing a presence in London, followed by expansions into Egypt and Turkey. The company currently operates in the Egyptian market and manages diversified investment portfolios for more than 4,000 investors worldwide through real estate funds and other investment vehicles.
Argaam
5 days ago
- Business
- Argaam
Subscription to 1.05M shares of Al-Khaldi Logistics starts on Nomu today
Qualified investors will start on Tuesday May 27th subscribing to 1.05 million shares of Al-Khaldi Logistics Company. which will list shares on the Nomu-Parallel Market. The offering will close on Sunday June 1st. For more details
Argaam
5 days ago
- Business
- Argaam
Al Kuzama IPO on Nomu 108.4% covered
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Al Kuzama Trading Co., announced the completion of the offering of 422,400 shares on the Nomu-Parallel Market. In a statement on Tadawul today, May 26, the brokerage said the offering was 108.38% oversubscribed during the subscription period from May 18-22, at SAR 107 a share. For More IPOs Yaqeen Capital will finalize the required procedures with Tadawul, before determining Al Kuzama's debut date. According to Argaam 's data, Al Kuzama earlier announced floating 422,400 shares on Nomu, at a nominal value of SAR 10 each. These shares represent 12% of the company's pre-IPO capital, They make up 10.71% of the post-IPO capital. The company was established in 2013 in Riyadh as a sole proprietorship. It later converted into a limited liability company, and then into a joint stock company in 2021. Al Khuzama's core business includes operating premium restaurants and beverage outlets, as well as organizing upscale events.
