‎Qualified investors start subscription to 455,000 WAJA shares today

‎Qualified investors start subscription to 455,000 WAJA shares today

Qualified investors start today, Feb. 12, subscription to 455,000 shares, or 13% of WAJA Co. share capital, on Nomu-Parallel Market. The initial public offering (IPO) was priced at SAR 90 per share.

The subscription period will run for eight days until Feb. 19.

On Dec. 29, 2022, the Capital Market Authority (CMA) approved the company’s application to offer shares on Nomu.

WAJA’s IPO is the first on Nomu this year, following Alqemam for Computer Systems’ direct-listing on Jan. 31, 2023.

Nomu saw 19 IPOs last year, including Gas Arabian Services Co. , Raoom Trading Co., Al-Jouf Mineral Water Bottling Co., Arabian International Healthcare Holding Co. (Tibbiyah), Arabian Food & Dairy Factories Co. (FADECO), Ladun Investment Co., Amwaj International Co., Saudi Networkers Services Co., International Human Resources Co. (IHR), Naba Alsaha Medical Services Co., Arabian Plastic Industrial Co. (APICO), AlBabtain Food, Knowledge Tower as well as Molan Steel Co., Saudi Top Trading Co., Leen Alkheir Trading Co. and Alramz Real Estate.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own account, as well as clients of capital market institutions authorized to carry out management operations, provided that they are appointed under terms that enable them to