Naas Petrol issues registration doc for Nomu listing, sets price guidance at SAR 49/share

Logo of Naas Petrol Factory Co. 

Naas Petrol Factory Co. issued the registration document for listing its shares on Nomu-Parallel Market, setting the price guidance at SAR 49 per share.

In March, the Capital Market Authority (CMA) approved the company’s application for a direct listing on Nomu.

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

Naas Petrol was established as a limited liability company in Riyadh in 2010, before being converted into a closed joint stock company in June 2022.

Its current actual activity includes the manufacturing of refined petroleum products and the production of engine and equipment oils, hydraulic products, lubricants for gasoline and diesel engines, and transmission oils.

The company’s activities, as stated in its commercial register, include the production of lubricant oils for equipment and engines; land transportation of goods; transportation of liquids or liquefied gases; transportation of radioactive sources; wholesale sale of liquid fuels including (sale of crude oil and petroleum refining products); wholesale sale of lubricants and refined petroleum products; retail sale of automobile and motorcycle fuels (fuel stations); retail sale of oils and lubricants; and the operation of electric vehicle charging stations.