Alshehili to debut on Nomu today at SAR 80/shr

29/01/2025 Argaam Special
Logo ofAlshehili Co. for Metal Industries

Logo of Alshehili Co. for Metal Industries


Shares of Alshehili Co. for Metal Industries debut on the Nomu-Parallel Market today, Jan. 29, with the symbol 9624 and ISIN Code SA168H84MC16, at SAR 80 apiece.

 

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

 

For More IPOs

  

Alshehili offered 500,000 shares, representing 20% of its share capital. The initial public offering (IPO) was 231.8% covered.

 

The company's post-IPO capital amounts to SAR 20 million, divided into 2 million shares at SAR 10 each.

 

This brings the total listings to four on Nomu this year, including one direct listing and three offerings to qualified investors. 

 

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

 

Alshehili and Twareat Medical Center bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.

 

Key background

 

Established in August 2005 in Riyadh as a sole proprietorship, Alshehili specializes in manufacturing semi-trailers, tankers, and material handling vehicles for construction trucks, truck heads, cooling units, bodies, and tail lifts, along with offering maintenance, repair, and modification services.

 

Company Profile 

Company 

Alshehili Co. for Metal Industries

Market 

Nomu-Parallel Market 

Core Activities 

Manufacturing trailers, vehicle, and refrigeration units

Pre-IPO Capital

SAR 20 mln

Number of Pre-IPO Shares​

2 mln

Post-IPO Capital

SAR 25 mln

Number of Post-IPO Shares​

2.5 mln

Par Value​

SAR 10/share

 

Company Shareholders

Shareholders

Pre-IPO​

Post-IPO​

Number of Shares

(mln)

Ownership

(%)

Number of Shares

(mln)

Ownership

(%)

Hala Fahad Nasser Alshehili

1,468.6

73.4%

1,468.6

58.7%

Mishari Mutrib Ammar Al-Jubail

90.0

4.5%

90

3.6%

Rana Fahad Nasser Alshehili

90.0

4.5%

90

3.6%

Sana Fahad Nasser Alshehili

90.0

4.5%

90

3.6%

Abdullah Mohammed Abdullah Al-Abdullatif

61.4

3.1%

61.4

2.5%

Ali Al-Mohammed Al-Muneif & Brothers Co.

57.1

2.9%

57.1

2.3%

Maryam Abdulhadi Al-Fandi

54.3

2.7%

54.3

2.2%

Ahmed Samher Ali Al-Harbi

28.6

1.4%

28.6

1.1%

Saif Abdullah Mohammed Al-Abdullatif

14.3

0.7%

14.3

0.6%

Malik Abdullah Mohammed Al-Abdullatif

14.3

0.7%

14.3

0.6%

Mohammed Hassan Abdulrahman Al-Sabah

14.3

0.7%

14.3

0.6%

Youssef Nasser Alshehili

10.0

0.5%

10.0

0.4%

Faiz Nasser Alshehili

7.1

0.4%

7.1

0.3%

Qualified Investors​

--

--

500

20%

Total

2,000

100%

2,500

100%

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