Al Ashghal Al Moysra to debut on Nomu today

Logo of Al Ashghal Al Moysra Co.

Shares of Al Ashghal Al Moysra Co. will start trading on the Nomu-Parallel Market today, July 24, with the symbol 9608 and ISIN Code SA163GP4M416, according to the Saudi Exchange (Tadawul).

The stock will trade with ±30% and ±10% daily and static price fluctuation limits, respectively.

For More IPOs

The company floated 480,000 shares to qualified investors, representing 20% of its SAR 24 million capital divided into 2.4 million shares with a nominal value of SAR 10 each. The coverage ratio reached 430.80.

This is the 14th listing on Nomu in 2024, including one direct listing and 13 offerings to qualified investors.

Nomu witnessed IPOs of 35 companies last year, divided into six direct listings, 29 offerings to qualified investors, and one REIT.

This listing brings the total number of companies on Nomu to 92, in addition to Alwaha REIT Fund.

Company Profile

Al Ashghal Al Moysra was established in 2013 in Sakaka, Al-Jouf, as a sole proprietorship. It was then converted into a closed joint-stock company.

The company's actual activity is represented in providing three key services: maintenance, cleaning, and facility management and operation; provision of logistic and transport services across the Kingdom; and carrying out some contracting work, namely construction, building and restoration of buildings.