Mayar Holding debuts on Nomu today

Logo of Mayar Holding Co.

Mayar Holding Co. will begin trading on Nomu-Parallel Market today, April 11, as a direct listing under the symbol 9568 and ISIN Code: SA15PH34LG16, at SAR 70/share.

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

The Capital Market Authority (CMA) approved, on March 13, Mayar’s request to register its shares for direct listing on Nomu. 

The company announced, on January 20, its registration document to list on Nomu, setting its price guidance at SAR 70 per share. 

This is the 10th listing on Nomu in 2023. The listings comprised three direct listings and seven offerings to qualified investors.

Nomu witnessed the IPOs of 32 companies last year, divided into 13 direct listings, 18 offerings to qualified investors, and one REIT.

Mayar Holding’s listing will bring the total number of companies on Nomu to 55, in addition to Alwaha REIT Fund.

Company Info:

Mayar Holding was established in December 2013 in Riyadh. The company's current capital is SAR 60 million, divided into six million shares.

The company's activity involves managing subsidiaries or co-managing other companies in which it owns shares. It provides the necessary support, invests money in shares and other securities, as well as owns real estate and movables needed for carrying out its activities.

The firm’s activities include owning industrial property rights such as patents, trademarks, industry, franchise rights and other intangible rights, and exploiting and leasing them to its subsidiaries or others.

Specialized construction activities include installation, repair and maintenance of elevators, escalators, conveyors, and supply of electrical instruments.

For More IPOs