Abdul Aziz Al-Tuwaijri starts subscription to 1M shares on Nomu today

Logo of Abdul Aziz Al-Tuwaijri Trading Co.

Subscription to one million shares of Abdul Aziz Al-Tuwaijri Trading Co. begins today, Nov. 2, on the Nomu-Parallel Market. The price range was set between SAR 22 and SAR 25 per share.

The shares offered represent 25% of the company’s pre-IPO capital and 20% of post-IPO capital. The company's current capital stands at SAR 40 million, divided into 4 million shares, with a nominal value of SAR 10 per share.

The share sale will last for six business days, including the closing day on Nov. 9.

The company had previously attempted its first offering in June 2023, when it floated 600,000 shares, but the subscription was not completed due to under-coverage, leading to the cancellation of the IPO. At that time, the price range was SAR 60-63 per share.

With Abdul Aziz Al-Tuwaijri Trading, the number of IPOs on Nomu has reached 26 since the start of the year.

The subscription is limited to qualified investors, including:

- Capital market institutions authorized to act on their accounts.

- Clients of capital market institutions authorized to carry out management operations. This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.

- The Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

- Companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations.

- Investment funds, companies, and funds established in the GCC countries

- Investment funds 

- Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

1) They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

2) Natural persons should also have a net asset value of at least SAR 5 million.

3) They should be working or have worked for at least three years in the financial sector.

4) They should hold a general certificate in securities dealing, approved by the CMA.

5) They should further hold a professional certificate in the field of securities business, approved by an internationally recognized body

- Any other persons identified by the CMA.

The Capital Market Authority (CMA) approved the company’s request to offer its shares in June 2025, following the cancellation of the previous IPO.

Abdulaziz Al-Tuwaijri Trading was established as a limited liability company in February 2007, and later converted into a closed joint stock company in 2021. The company is headquartered in Riyadh.

According to its commercial registration, the company’s activities include wholesale trading of cosmetics, medical devices and supplies, soaps, and detergents, as well as online retail, management of warehouses for medical devices and dry food products, and management and leasing of non-residential real estate, whether owned or rented.

However, the company’s current core operations, as stated in the prospectus, focus primarily on wholesale trading of food products, cleaning and personal care items, and medical supplies through its warehouses and storage facilities, in addition to real estate management and leasing.

The company recorded total sales of SAR 143.25 million in 2024, with the cleaning and personal care segment accounting for the largest share (86.64%), equivalent to SAR 124.12 million, followed by the food segment at SAR 14.05 million, representing 9.81% of total revenue, as shown in the following table:

The company operates eight branches across various regions of Saudi Arabia, which serve as warehouses for product distribution. These branches are located in Riyadh, Jeddah, Qatif, Hafar Al-Batin, Qassim, Madinah, Khamis Mushait, and Al-Ahsa.

The company also owns four main properties in Riyadh, used for offices, showrooms, and warehouses, with a total value of SAR 75.01 million, as detailed below:

As of the end of 2024, the company’s total investments amounted to SAR 50 million, representing 38.73% of its current assets. These investments are distributed among closed-end funds, unlisted companies, and an investment portfolio managed by Alinma Bank, as shown below: