Latest news with #ShmohAlmadiCo.
Argaam
04-05-2025
- Business
- Argaam
Shmoh Almadi inks SAR 8.2M construction contract for new factory
Shmoh Almadi Co. signed, on May 3, a contract with Rokn Al Nile Contracting Co. to implement the concrete and structural works for the construction of a new factory for the former in Buraydah. Shmoh Almadi Co. signed, on May 3, a contract with Rokn Al Nile Contracting Co. to implement the concrete and structural works for the construction of a new factory for the former in Buraydah. The contract is valued at SAR 8.15 million (VAT inclusive), the company said in a statement to Tadawul. According to the 12-month contract, Rokn Al Nile will carry out the work in line with the approved technical and engineering specifications and the conditions required in the contract. The financial impact is expected to reflect positively on the results when the factory begins operations, the statement added, noting that no related parties are involved in the deal. The contract is in line with Shmoh Almadi's strategy to establish the factory to expand production capacity by increasing the current output volume With the new factory, Shmoh Almadi seeks to meet the growing demand for its products with high quality standards. This will enhance its competitiveness in the Saudi market and achieve the growth and returns the company targets within its strategy.
Argaam
09-02-2025
- Business
- Argaam
Lamasat begins trading on Nomu today at SAR 5.75/shr
Lamasat Co. will start trading on the Nomu -Parallel Market today, Feb. 9, under the symbol 9628 and ISIN Code SA76902KME11, at SAR 5.57 apiece. The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively. Lamasat offered six million shares, representing 7.41% of the company's post-IPO capital of SAR 81 million (divided into 81 million shares) at SAR 1 per share. The coverage rate reached 1,101.3% of the total shares offered. This is the sixth listing on Nomu in 2025, after Shmoh Almadi Co. debuting on Jan. 13, ITMAM Consulting Co. on Jan. 23 and Twareat Medical Center, Alshehili Co. for Metal Industries on Jan. 29., and Basma Adeem Medical Co. (Smile Care) on Feb. 3. Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. This listing brings the number of Nomu firms to 110, in addition to Alwaha REIT Fund. Company profile: Lamasat was established as a limited liability company in Madinah in 2006. The company's current actual activity is to provide women's beauty services, sell cosmetics goods and products online, as well as offer personal care, photography, and montage services. Company Lamasat Co. Market Nomu-Parallel Market Core Activities Women's beauty services and cosmetics sale Pre-IPO Capital SAR 75 mln Number of Shares 75 mln Post-IPO Capital SAR 81 mln Number of shares after IPO 81 mln Share Par Value SAR 1 Company Shareholders Shareholders Before IPO After IPO Number of Shares (mln) Ownership (%) Number of Shares (mln) Ownership (%) Aisha Salem Rizk Badawi 25.54 34.05% 25.54 31.53% Mohammed Hamza Mohammed Masoudi 18.08 24.10% 18.08 22.32% Ahmed Hamza Mohammed Masoudi 17.50 23.34% 17.50 21.61% Hazem Hamza Mohammed Masoudi 6.57 8.77% 6.57 8.12% Abeer Hamza Mohammed Masoudi 6.18 8.24% 6.18 7.63% Hatim Hamza Mohammed Masoudi 1.12 1.50% 1.12 1.38% New shares to be offered to qualified investors -- -- 6.00 7.41% Total 75.00 100% 81.00 100%
