Al-Hasoob begins trading on Nomu today

Logo of Al Hasoob Trading Co.

Shares of Al-Hasoob Trading Co. will be listed on Nomu Parallel Market today, Nov. 4, with the symbol 9522 and ISIN Code SA15D1FKKP14.  

Daily price fluctuation limits will be set at ± 30% while static price fluctuation limits will be ±10%.

In September, the Capital Market Authority (CMA) approved the company's request to offer 20% of its capital, or 280,000 shares.

The IPO was successfully closed on Oct. 26, with the final offer price set at SAR 95 per share. The offering was 2,318% oversubscribed with over SAR 650 million worth of orders placed on more than 6.5 million shares. 

Al Hasoob’s listing is the 10th on Nomu Parallel Market this year (eight direct listings), bringing the total number of listed companies to 14, after six companies moved to the main market.

It is also the second to be carried out by subscription on Nomu, after the IPO of Shatirah House Restaurant Co. (Burgerizzr) in August.

 Company Info:

Established in 1999 in Riyadh as a sole proprietorship, the company was transformed in February 2020 into a closed joint stock company and increased its capital to SAR 14 million.
 

 Al-Hasoob provides integrated solutions and services in the field of wholesale, retail and computer maintenance in Saudi Arabia, wholesale software including import, marketing services for third parties, IT, transportation, storage and refrigeration.

It offers its services through its headquarters and has local presence in the Western, Eastern, Southern and Central regions, through its regional showrooms in Jeddah, Khobar, Riyadh, Tabuk, Khamis Mushit, Jizan and Qassim.

The company's business is concentrated in the Saudi market and does not have any subsidiaries or substantial assets outside Saudi Arabia. 

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