Wajd Life issues prospectus for 25% Nomu IPO

Logo of Wajd Life Trading Co.

Wajd Life Trading Co. issued today, Aug. 7, the prospectus to float 2.5 million shares on the Nomu-Parallel Market.

 

The offered shares represent 25% of the company's pre-IPO capital of SAR 10 million, divided into 10 million shares at a SAR 1 par value.

 

For More IPOs

 

Meanwhile, they will make up 20% of Wajd Life’s SAR 12.5 million post-IPO capital.

 

The IPO will be limited to qualified investors, as per the Capital Market Authority's (CMA) instructions.

 

The share offering will run for five days, from Aug. 31 to Sept. 4.

 

On March 20, the CMA approved the company's application to list its shares on Nomu.

 

Wajd Life was established in 2013 in Riyadh, as a Saudi closed joint-stock company. Its current activities are divided into five segments: Medical operations; operation, maintenance and facility management; medical equipment sales and after-sales services; specialized maintenance, and supply of medical devices’ spare parts, accessories, and thereof.

 

Company Profile 

Company 

Wajd Life Trading Co.

Market 

Nomu-Parallel Market

Core Activities 

Medical operations and supply of medical and non-medical equipment, spare parts, etc.

Pre-IPO Capital

SAR 10 mln

Number of Shares 

10 mln

Post-IPO Capital

SAR 12.5 mln​

Number of Shares

12.5 mln

Nominal Value 

SAR 1 per share
 

IPO Summary

Issue Percentage

20% of post-IPO capital (25% pre-IPO capital)

Offered Shares

2.5 mln shares

IPO Minimum Limit

100 shares

IPO Maximum Limit

624,900 shares

Offer Period

From Aug. 31 to Sept. 4, 2025

Final Allocation

Sept. 9, 2025

Surplus Refund (if any)

Sept. 11, 2025
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(‘000)

Ownership (%)

Number of Shares

(‘000)

Ownership (%)

Mohammed Issa Yahya Namazi

6500

65%

6500

52%

Abdulrahman Thanyan Al-Obeikan

2500

25%

2500

20%

Abdulrahman Halil Al-Maliki

500

5%

500

4%

Mishal Mohammed bin Owain

500

5%

500

4%

Qualified investors

--

--

2500

20%

Total

10000

100%

12500

100%
 

Additional Information

Financial Advisor & Lead Manager

Yaqeen Capital

Receiving Agents

Derayah Financial, Alinma Capital, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Alibilad Capital, AlJazira Capital, Alistithmar Capital, ANB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, EFG-Hermes, Musharaka Capital, Awaed Alosool Capital

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