UFG to debut on Nomu today

Logo of Arabian United Float Glass Co. (UFG)

Arabian United Float Glass Co. (UFG) started trading on the Nomu-Parallel Market today, Sept. 18, under the symbol 9611 and ISIN code SA164G54M5H6, at SAR 54 per share.

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

For More IPOs

In March, the Capital Market Authority (CMA) approved UFG’s application to register its shares for a direct listing on the Nomu-Parallel Market.

UFG announced, on Aug. 20, the registration document for listing its shares on the Nomu-Parallel Market, setting the guidance price for share trading at SAR 54.

This is the 18th listing on Nomu in 2024, including three direct listing and 15 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.

UFG listing brings the total number of companies on Nomu to 96, in addition to Alwaha REIT Fund.

Company Info:

Established in 2006 in Riyadh, the company's activities, as stated in its commercial register, include manufacturing wooden pallets, mirror glass and float glass.

The company’s current activity is manufacturing, producing, and selling clear glass, shaped glass, and mirrors.

Company Profile
Company	Arabian United Float Glass Co. (UFG)
Market	Nomu-Parallel Market
Core activities	Production, manufacture and sale of float glass and mirrors
Status	Active
Capital	SAR 170.04 mln

Direct Listing Profile
Number of shares	17.003 mln
Share par value	SAR 10
Share price guidance upon listing	SAR 54
Method of setting share opening price	The opening price of the stock shall be set based on the supply and demand through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a +/-30% daily fluctuation limit. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified investors	- QFIs - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).

Company Shareholders
Shareholders	Before Direct Listing
Shareholders	Number of Shares (mln)	Ownership (%)
Al-Ayuni Contracting and Investment Co.	7.17	42.16%
Rashid Saad Al-Rashid & Sons Co.	2.32	13.66%
Abdulrahman Saad Al-Rashid & Sons Co.	2.26	13.27%
National Gas and Industrialization Co. (GASCO)	1.87	11.01%
Other shareholders owning less than 5% (49 shareholders)	3.38	19.91%
Qualified investors	--	--
Total	17.00	100%

Additional Information
Financial Advisor	Yaqeen Capital

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