‎AlMuneef’s shares debut on Nomu today

‎AlMuneef’s shares debut on Nomu today

AlMuneef Company for Trade, Industry, Agriculture and Contracting starts trading on Nomu-Parallel Market today June 7, with the symbol 9569 and ISIN Code SA15QH34LGH2 and a price of SAR 70 per share.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

The Capital Market Authority (CMA) approved, on Dec. 29, 2022, the application received from the company to float its shares on Nomu.

This company floated 760,000 shares representing 20% of its SAR 38 million capital, which is divided into 3.8 million shares. The offering was 143.40% oversubscribed.

This is the 14th listing on Nomu in 2023, bringing the total to three direct listings and 11 offerings to qualified investors.

Nomu witnessed IPOs of 32 companies last year, divided into 13 direct listings and 18 offerings to qualified investors, in addition to Alwaha REIT Fund.

Company Info:

AlMuneef Co. For Trade, Industry, Agriculture and Contracting was established as a closed joint stock company in May 2009 in Riyadh. It operates in supplying some products of the agricultural sector and wholesale or retail sale of seeds, fertilizers, pesticides and others.

The company's current actual activity is represented in the purchase and supply of some products related to the agricultural sector, such as