Yaqeen Capital debuts on Nomu today

26/06/2024 Argaam
Logo ofYaqeen Capital Co.

Logo of Yaqeen Capital Co.


Yaqeen Capital Co. started trading on the Nomu-Parallel Market today, June 26, under the symbol 9602 and ISIN code SA1620K4M113, at SAR 40 per share.
The stock have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.
 
 

According to Argaam's data, the company floated three million shares, or 20% of its total 15 million shares. The IPO was 105.07% subscribed.

 

This is the 12th listing on Nomu in 2024, including one direct listing and 11 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.

 

Yaqeen Capital listing brings the total number of companies on Nomu to 90, in addition to Alwaha REIT Fund.

 

Company Info:

 

Yaqeen Capital was established in 2006 as a closed joint stock company named Falcom Financial Services.

 

The company operates in asset management, investment banking, brokerage, and custody services, in line with the Companies Law and the CMA regulations.

 

Company Profile

Company

Yaqeen Capital

Market

Nomu-Parallel Market

Core Activities

Asset Management and Brokerage Services

Capital

SAR 150 mln

Number of Shares

15 mln

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of shares

(mln shares)

Ownership

(%)

Number of shares

(mln shares)

Ownership

(%)

Falcom Holding

9.0

60.0%

6.0

40.0%

Falcom Yaqeen Capital

6.0

40.0%

6.0

40.0%

The Public (Qualified Investors)

--

--

3.0

20.0%

Total

15.0

100%

15.0

100%

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