Latest news with #ParallelMarketNomu
Zawya
14-04-2025
- Business
- Zawya
Saudi's United Mining Industries to transfer to Tadawul from Nomu
Saudi Arabia's United Mining Industries Company (UMI) will be transferring its shares from the kingdom's Parallel Market Nomu to Tadawul, following a board decision. The company, a joint venture of three of the Saudi companies in the construction and building industries, has appointed AlKhair Capital as the financial advisor for the transfer, which is subject to regulatory approvals. UMI's decision to move to TASI comes nearly six months after the listed company secured two exploration licenses for gypsum and anhydrite ore from Saudi's Ministry of Industry and Mineral Resources. In December, UMI also inked a conditional investment agreement with the Royal Commission for Jubail and Yanbu (RCJY) to allocate a land plot in Yanbu Industrial City for the company's expansion plans. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
10-04-2025
- Business
- Zawya
Saudi's Service Equipment Co. sets IPO offer price range
Saudi Arabia's Service Equipment Co., which is selling 30% of its issued share capital in an IPO, has set the offer price range at between 80 and 84 Saudi riyals ($21.33 and $22.40) per share. The book-building period for qualified investors commences on 13 April and ends on 17 April, Yaqeen Capital, the lead manager to the issuance said on the Tadawul exchange. In December 2024, the Saudi Exchange approved Service Equipment's application to launch an IPO. The share offering will be limited to qualified investors. Following the share sale the stock will be listed on the Parallel Market Nomu. Headquartered in Jeddah, the company specialises in providing supplies, including maintenance equipment and accessories, to automotive garages/ workshops and fuel stations. Service Equipment was established in 1980 with a paid-in capital of SAR 24 million ($6.4 million). (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
19-03-2025
- Business
- Zawya
Saudi's Service Equipment to proceed with 30% IPO in April
Saudi Arabia's Service Equipment Company will proceed with its 30% initial public offering (IPO) and listing of shares on the Parallel Market Nomu. The company will offer 720,000 ordinary shares from April 13 to 17, 2024, according to its financial advisor, Yaqeen Capital, on Tuesday. Last December 2024, the Saudi Exchange approved Service Equipment's application to launch an IPO. The share offering will be limited to qualified investors. Headquartered in Jeddah, the company specialises in providing supplies, including maintenance equipment and accessories, to automotive garages/ workshops and fuel stations. Service Equipment was established in 1980 with a paid-in capital of SAR 24 million ($6.4 million). (Writing by Cleofe Maceda; editing by Seban Scaria)
