Service Equipment issues prospectus for IPO on Nomu

Logo of Service Equipment Co.

Service Equipment Co. issued today, March 17, the prospectus for its planned offering of 720,000 shares on the Nomu-Parallel Market.

 

The offer shares represent 30% of the company’s total 2.4 million share capital.

 

For More IPOs

 

The offering period will run from April 13-17.

 

The Capital Market Authority (CMA) approved the Nomu listing of Service Equipment in December 2024.

 

The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.

 

According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric vehicles), wholesale and retail trading of industrial machinery and equipment spare parts, and retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.

 

Company Profile

Company

Service Equipment Co.

Market

Parallel Market-Nomu

Core Activities 

Provision of maintenance equipment, such as car lifts, car wash systems, and fuel station equipment

Capital (Pre- & Post-

Offering)

SAR 24 mln

Number of Shares (Pre- &

Post- Offering)

2.4 mln

Nominal Value Per Share

SAR 10

 

Offering Details

Offering Percentage

30 %

Number of Offer Shares

720,000

IPO Minimum Limit

10  shares

IPO Maximum Limit

119,990 shares

Offer Period

April 13-17, 2025

Final Allocation

April 22, 2025

Surplus Refund (if any)

April 24, 2025

 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(‘000)

Ownership

(%)

Number of Shares

(‘000)

Ownership

(%)

Ahmed Omar Abu Bakr Balubaid Holding Co.​

2,112.00

88.00 %

1,478.400

61.60 %

Omar Abu Bakr Balubaid Co. Ltd.​

288.00

12.00 %

201.60

8.40 %

Qualified Investors

--

--

720.00

30.00 %

Total

2,400.00

100 %

2,400.00

100 %
 

Additional Information

Financial Advisor & Lead Manager

Yaqeen Capital

Receiving Entities

Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital

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