Purity debuts on Nomu today

Logo of Purity Tech Co.

Shares of Purity Tech Co. will start trading on the Nomu-Parallel Market today, Nov. 5, with the symbol 9614 and ISIN code SA165044M714, at SAR 8 apiece.

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

The company floated three million shares to qualified investors, representing 20% of its capital, with a nominal value of SAR 1 each. The coverage ratio reached 597.4%.

This is the 21st listing on Nomu in 2024, including three direct listings and 18 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 98, in addition to Alwaha REIT Fund.

Company Profile

Established in May 2016, the Riyadh-based company provides integrated tech solutions, a wide range of software development services, as well as managed and cloud services. In addition, it establishes and manages data centers and end-user devices, as well as investing in venture capital (VC).

According to the commercial register, the company's activities include, as stated in the prospectus, investments for designated units, including VC firms and investment clubs. This is in addition to the organization of exhibitions and conferences, as well as the development of operating systems, systems analysis, custom software design, and web hosting services. It also operates in the sale and maintenance of computers and their accessories.