Alshehili to debut on Nomu today at SAR 80/shr

Logo of Alshehili Co. for Metal Industries

Shares of Alshehili Co. for Metal Industries debut on the Nomu-Parallel Market today, Jan. 29, with the symbol 9624 and ISIN Code SA168H84MC16, at SAR 80 apiece.

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

For More IPOs

Alshehili offered 500,000 shares, representing 20% of its share capital. The initial public offering (IPO) was 231.8% covered.

The company's post-IPO capital amounts to SAR 20 million, divided into 2 million shares at SAR 10 each.

This brings the total listings to four on Nomu this year, including one direct listing and three offerings to qualified investors. 

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.

Alshehili and Twareat Medical Center bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.

Key background

Established in August 2005 in Riyadh as a sole proprietorship, Alshehili specializes in manufacturing semi-trailers, tankers, and material handling vehicles for construction trucks, truck heads, cooling units, bodies, and tail lifts, along with offering maintenance, repair, and modification services.