Leaf Global to debut on Nomu today

Logo of Leaf Global Environmental Services Co.

Leaf Global Environmental Services Co. started trading on the Nomu-Parallel Market today, June 27, under the symbol 9597 and ISIN code SA1630P4LUH2, at SAR 50 per share.

The stock has daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.

For More IPOs

The company floated 1.5 million shares on Nomu, representing 30% of the capital of 25 million shares, divided into five million shares, with a nominal value of SAR 5 per share. The IPO was125.5% subscribed, Argaam's data showed.

This is the 13th listing on Nomu in 2024, including one direct listing and 12 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.

Leaf Global listing brings the total number of companies on Nomu to 91, in addition to Alwaha REIT Fund.

Company Info:

Leaf Global Environmental Services Co. was established in 2018 as a closed joint stock company in Riyadh.

The company operates in environmental services, offering multiple services such as environmental impact assessment, environmental compliance monitoring, construction management plan, ground surveys, environmental survey, marine environment survey, marine control, such as water quality and sea grass, water, soil and sediment analysis, coral reef development, and mangrove transplantation.