Aqaseem Factory shares debut on Nomu today

Logo of Aqaseem Factory for Chemicals and Plastics Co.

Shares of Aqaseem Factory for Chemicals and Plastics Co. will debut on Nomu-Parallel Market today, May 25, with the symbol 9539 and ISIN Code: SA15IGO4L1H9.

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

In March, the Capital Market Authority (CMA) approved Aqaseem’s request to register its shares for direct listing on Nomu.

In April, the company issued its registration document for the direct listing, setting the price guidance at SAR 48.

This will be the 13th listing on Nomu, which has seen six direct listings and seven through offering to qualified investors.

Company Info:

The company was established in 2009 in Riyadh, as a branch of Awad Mohammae Baneem & Sons Trading Company Ltd. It turned into a limited liability company in 2014, and into a closed joint stock company in 2020. It currently operates with SAR 25 million capital.

The company's actual and current activity is represented in the production of automotive engine oils, hydraulic oils, liquid asphalt insulators, solvents, plastic caps for packages, Palmitic Ester, brake oils, industrial and automotive greases, acid for batteries, citric acids, plastic packages, base oils, lubricants for gasoline and diesel engines, transmission oils, cleaning oils and breaker oils.

Company Profile
Company	Aqaseem Factory for Chemicals and Plastics Co.
Market	Nomu-Parallel Market
Core Activities	Production of lubricants for equipment and engines
Status	Active
Capital	SAR 25 mln

Direct Listing Profile
Number of shares	2.5 mln shares
Share par value	SAR 10
Share price guidance upon listing	SAR 48
Method of setting share opening price	The share opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price, with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified investors	- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). - Qualified investors categories

Additional Information
Financial Advisor	Yaqeen Capital
External Auditor	Al Kharashi & Co.

Company Shareholders
Shareholders	Before direct listing
Shareholders	Number of shares (‘000)	Ownership (%)
Mohammed Mishnan Suleiman Al-Dosari	328.38	13.14%
Faisal Hatem Awad Al-Zahrani	324.89	13.00%
Diyar Al Baida Trading Co.	135.00	5.40%
Sixth Network Trading Co.	135.00	5.40%
Waad Al-Ghad Trading Co.	135.00	5.40%
Sareyat Ashamal Trading Co.	135.00	5.40%
Khetam Al-Roya Trading Co.	100.00	4.00%
Four Madarat Trading Co.	100.00	4.00%
Ashry Saad Mazaal Al-Ashry	30.24	1.21%
Sarah Saad Othman Al Hudaib	0.05	0.002%
Horizon Analytical Co. for Commercial Services	122.11	4.88%
Three Diamonds Elevators Co.	122.11	4.88%
Shareholders owning less than 5% stake (52 shareholders)	832.22	33.29%
Total	2500.00	100.00%

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