NBM debuts trading on Saudi parallel market today

29/04/2018 Argaam

 

The shares of the National Building & Marketing Co. (NBM) debuted trading today on Saudi parallel stock market (Nomu)(Ticker 9510), thereby raising the number of shares listed on the burgeoning SME stock market to ten.

 

The company, incorporated in Riyadh in 1990, sells building materials and equipment, and manufactures reinforcing steel with an annual output capacity of 100,000 tons.

 

The company floated 20 percent of its capital (1.2 million shares) between April 1 and 8, and the IPO was slightly oversubscribed at 100.22 percent (Share priced at SAR 27).

 

The Nomu market sets a 20 percent fluctuation cap on daily tradings.

 

Company Profile

Company

The National Building & Marketing Co.

Stock Market

Nomu- Parallel Market

Core Activities

The wholesale and retail trade of building materials (iron, wood, hand tools, industrial), electronic devices, computers, spare parts, stationery, library furniture, teaching aids, publications, medical, scientific equipment and supplies, hospital supplies, laboratories, medical furniture, maintenance and spare parts paints, printing inks, chemicals.

- General contracting for buildings and decoration works.

- Establishing various industrial projects

-Owning and reclamation of agricultural land for use in establishing agricultural and livestock production projects.
- Establish, invest, manage, operate and maintain entertainment and tourism facilities and projects.
- Construction and operation of hospitals and medical facilities and general health care services.
- Establishing and operating educational facilities of schools, colleges and universities and all educational services.
- Wholesale and retail trade for what is within the scope of the company's industrial, agricultural and tourism business, and the establishment of cooling warehouses and related repair & maintenance workshops.

Commercial Agencies.
- Transportation and storage services.
- Establishing, owning, managing and investing in hotels, leisure complexes and all tourist projects.
- Buying land for the purposes of development and construction of buildings with the aim of selling or leasing in favor of the company.
- Carrying out petroleum services in all its branches and in all aspects related to it.
- Implementing water projects, repairing land, facilities, transportation, all industrial and commercial works, projects, commercial agencies, establishing companies and buying shares.
- Investment in infrastructure, ports, energy and water, logistics, and operation & maintenance services.
- Manufacturing of steel and its derivatives.
- real estate development

Pre-IPO Capital

SAR 60 mln

 

After the initial public offering of the company, its ownership structure has become as follows:

 

Major Shareholders (Post-IPO)

Owner

Number of Shares

Shareholding %

Fahad Al Thunayan

4,796,456

79.95%

Mohammad Al Awwad

800

0.01%

Nasser Al Razooq

800

0.01%

Fahad Al Habardi

800

0.01%

Obaid Al Subaie

800

0.01%

43 shareholders owning less than 5% stake

344

0.01%

Qualified investors

1,200,000

20.00%

Total

6,000,000

100.00%

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