Arabica Star debuts on Nomu today at SAR 64/share

05/12/2024 Argaam Special
Logo ofArabica Star Co.

Logo of Arabica Star Co.


Shares of Arabica Star Co. started trading on the Nomu-Parallel Market today, Dec. 5, with the symbol 9617 and ISIN Code SA165H04M8H9, at SAR 64 apiece.

 

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

 

For More IPOs

 

Arabica Star offered 275,000 shares on Nomu, representing 20% of its post-IPO capital, with a coverage ratio of 1606.8%.

 

This is the 27th listing on Nomu this year, including three direct listings, and 24 offerings to qualified investors.

 

Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.

 

Arabica Star will bring the number of listed companies on Nomu to 104, in addition to Alwaha REIT Fund.

 

Key Background

 

Arabica Star was established in 2012 in Buraydah. It establishes and operates beverage shops (coffee shops) and restaurants.

 

Its business activities, as per the commercial register, include table-service restaurants, takeout-only operations, mobile food trucks, coffee shops, ice cream parlors, as well as fresh juice and cold drink outlets.

 

The company operates seven sub-registers across Riyadh, Buraydah, Al Rass, and Unaizah. One sub-register is based in Riyadh, where the company's products are showcased through kiosks.

 

Four other sub-registers are in Buraydah, comprising kiosks and company-owned restaurants. Unaizah and Al Rass each have one sub-register, both facilitating the sale of the company's products through kiosks in these cities.

 

Company Profile

Company

Arabica Star Co.

Market

Nomu-Parallel Market

Core Activities

Establishing and operating beverage shops (coffee shops)

Pre-IPO Capital

SAR 11 mln

Number of Shares

1.1 mln

Post-IPO Capital

SAR 13.75 mln

New Number of Shares

1.375 mln

Par Value

SAR 10/share

 

Company Shareholders

Shareholder

Pre-IPO

Post-IPO

Number of Shares

(‘000)

Ownership (%)

Number of Shares

(‘000)

Ownership (%)

Hammoud Mohammed Saleh Al-Hamoud

1,098.90

99.90%

1,098.90

79.92%

Qamasha Ibrahim Abdulaziz Al-Hamid

1.10

0.10%

1.10

0.08%

The public (Qualified Investors)

--

--

275.00

20.00%

Total

1,100.00

100%

1,375.00

100%

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