Hawyia Auctions debuts on Nomu at SAR 13/shr today

Logo of Hawyia Auctions Co. 

Hawyia Auctions Co. begins trading on the Nomu-Parallel Market today, June 22, under the symbol 9641 and ISIN code SA16AG6KMKH9, with shares priced at SAR 13 each.

 

The stock is subject to daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

 

For More IPOs

 

Hawyia Auctions offered 2.4 million shares on Nomu, or 12% of its SAR 20 million capital, divided into 20 million shares, with a coverage ratio of 310.7%.

 

This is the 18th listing on Nomu in 2025, following one direct listing and 17 public offerings to qualified investors.

 

Nomu saw 30 IPOs in 2024, including three direct listings and 27 offerings to qualified investors.

 

Hawyia Auctions listing brings the total number of companies on Nomu to 122, in addition to the Alwaha REIT Fund.

 

Company Overview

 

Hawyia Auctions was established as a limited liability company in 2019 in Riyadh. It was converted into a closed joint stock company in 2024.

 

The company's current activity is to provide auction organization and management services, estate settlement, and exclusive real estate marketing.

 

Company Profile 

Company 

Hawyia Auctions Co.

Core Activities 

Real estate marketing and auctions management

Market

Nomu-Parallel Market

Capital 

SAR 20 mln

Number of Shares 

20 mln

Nominal Value 

SAR 1 per share
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Alsoliman Real Estate Co.

10.80

54.0%

9.50

47.5%

Mohammed Abdullah Al-Olayan*

4.88

24.4%

4.29

21.5%

Abdullah Imad Hamad Al-Askar**

3.92

19.6%

3.45

17.3%

Mohammed Ibrahim Hamad Al-Tuwaijri***

0.40

2.0%

0.35

1.8%

Qualified investors

--

--

2.40

12.0%

Total

20.0

100%

20.0

100%

*Chairman Mohammed Al-Olayan holds indirect ownership in the issuer, given his 0.22% direct ownership in Alsoliman Real Estate Co. (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.12% of the pre-IPO issued capital and 0.11% of the post-IPO issued capital.

**Vice Chairman Abdullah Al-Askar holds indirect ownership, given his 4.18% direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 2.25% of the pre-IPO issued capital and 1.98% of the post-IPO issued capital.

***Shareholder Mohammed Al-Tuwaijri holds indirect ownership in the issuer resulting from his direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.06% of the pre-IPO issued capital and 0.05% of the post-IPO issued capital

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