Alqemam for Computer Systems starts trading on Nomu today

Logo of Alqemam for Computer System Co.

Alqemam for Computer System Co. will list and start trading on Nomu-Parallel Market today, Jan. 31, as a direct listing with the symbol 9558 and ISIN Code SA15OH84LB11, at SAR 80 per share.

The company's stock will trade with +/-30% daily price fluctuation limits and +/-10% static price fluctuation limits.

The company plans to fulfill the liquidity requirements through a liquidity provider.

On Dec. 28, 2022, the Capital Market Authority (CMA) gave the green light for Alqemam to register its shares for the purpose of direct listing on Nomu.

The company issued, on Dec. 29, 2022, the registration document for its Nomu direct listing.

This will be the first direct listing on Nomu this year. The other two companies were listed by offering shares to qualified investors.

A total of 32 companies were listed on Nomu last year, including 12 direct listings, 18 listings for qualified investors and a REIT.

This listing brings the number of Nomu-listed companies to 48, in addition to Alwaha REIT Fund.

Company Profile:

Established as a sole proprietorship in 2012, Alqemam is a Saudi joint stock company. Its current capital stands at SAR 30 million in capital.   

The company operates in research and development in the field of engineering and technology; organizing and managing exhibitions and conferences; installing central computers; publishing ready-made programs; operating systems; providing wired Internet services; providing mobile communications services; providing wireless Internet services, and others.

Alqemam's actual activity is developing and managing apps and software and providing technical infrastructure services in the Kingdom.

Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.