Signworld debuts on Nomu at SAR 12 per share

Logo of Signworld which debuts on Nomu at SAR 12 per share today, Sept. 3

Shares of National Plates Manufacturing Co. (Signworld) began trading on the Nomu-Parallel Market today, Sept. 3, at SAR 12 per share, under the symbol 9645 and ISIN SA16C064MMH2.

The stock trades with daily and static price fluctuation limits of ±30% and ±10%, respectively.

For More IPOs

Signworld floated 1.5 million shares on Nomu, representing 20% of its post-IPO capital and 25% of pre-IPO capital. The offering was nearly 108.74% covered.

This is the 20th IPO on Nomu so far this year, including one direct listing and 18 offerings to qualified investors. In 2024, Nomu witnessed 30 IPOs, comprising three direct listings and 27 qualified investor offerings.

With this listing, the number of companies on Nomu rises to 124, in addition to Alwaha REIT Fund.

Key background

Signworld, established in Riyadh in 2016 as a limited liability company, later converted into a closed joint-stock firm. Its operations include the design, manufacturing, and assembly of electronic plates and screens, as well as installation and maintenance services.