Hedab Alkhaleej begins trading on Nomu today at SAR 52/shr

Logo of Hedab Alkhaleej Trading Co.

Hedab Alkhaleej Trading Co. began trading on the Nomu-Parallel Market today, March 5, under the symbol 9631 and ISIN Code SA1690Q4MFH7, at SAR 52 apiece.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

Hedab Alkhaleej earlier floated 800,000 shares on Nomu. The offering was nearly 173% subscribed.

The offered shares represented 10.67% of the company’s post-IPO capital, amounting to SAR 75 million (divided into 7.5 million shares).

This is the seventh listing on Nomu in 2025, following Shmoh Almadi Co.'s debut on Jan. 13, ITMAM Consulting Co. on Jan. 23, Alshehili Co. for Metal Industries and Twareat Medical Care Co. on Jan. 29, Basma Adeem Medical Co. (Smile Care) on Feb. 3, and Lamasat Co. on Feb. 9.

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

This listing brings the number of Nomu firms to 111, in addition to Alwaha REIT Fund.

Key background

Hedab Alkhaleej was established in 2003 as a closed joint-stock company headquartered in Qassim-Buraydah.

According to its commercial registration, the company operates in the general construction of residential and non-residential buildings, wholesale trade of bricks, blocks, tiles, stone, marble, ceramics, and porcelain, as well as land transportation of goods, freight forwarding, real estate trading, and property and warehouse management and leasing.

The company's current actual activity is the sale of ceramics, porcelain, and marble, providing logistics and transportation services.