Clean Life debuts on Nomu today

Logo of Clean Life Co.

Shares of Clean Life Co. will be listed and traded on the Nomu-Parallel Market as of today, Oct. 23, under the symbol 9581 and ISIN code SA15SHO4LMH6, at SAR 112 per share.

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

The company offered 300,000 million shares to qualified investors, representing 20% of the company’s capital. The IPO was 567.89% covered, according to data available with Argaam.

Clean Life IPO will take the number of listings on Nomu to 26 in 2023, including five direct offerings and 21 offerings for qualified investors.

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.

Clean Life’s debut brings the total number of Nomu companies to 70, in addition to Alwaha REIT Fund.

Company Profile

Established in 2015 in Riyadh, Clean Life is a Saudi closed joint-stock company with SAR 15 million in capital, divided into 1.5 million ordinary shares.

The company's activities are represented in the general, exterior, and specialized cleaning of buildings, including chimneys, windows, etc. This is in addition to the cleaning and maintenance of swimming pools, as well as disinfection and fumigation activities for pest control.

The company's present activities include deep cleaning for household furniture and deep preparatory cleaning for homes and locations before occupancy.

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