Sahat Almajd debuts on Nomu at SAR 7/shr today

Logo of Sahat Almajd Trading Co.

Shares of Sahat Almajd Trading Co. began trading on the Nomu-Parallel Market today, Nov. 5, under the symbol 9650 and ISIN Code SA16D03KMP19, with a price of SAR 7 apiece.

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

Sahat Almajd floated 4.38 million shares on Nomu, representing 11.11% of its SAR 35 million capital, divided into 35 million ordinary shares at a par value of SAR 1 each. 

The offering was 110.39% oversubscribed.

This is the 24th listing on Nomu in 2025, comprising one direct listing and 23 offerings to qualified investors.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. 

This listing brings the total number of Nomu firms to 123, in addition to Alwaha REIT Fund.

Sahat Almajd was initially established as a sole proprietorship in 2005 in Riyadh. It was later converted into a limited liability company, and eventually into a closed joint-stock firm in 2024.

The company’s current business activities include producing and selling premium chocolates under the “Hanoverian” brand; producing and distributing fresh baked goods and pastries through “Susam”; and serving specialty coffee under the “Jadeel” brand.

The company’s activities also include producing and marketing the “Spark” carbonated beverages; wholesale distribution of various types of chocolate, baked goods, and beverages; wholesale trading of solid fuels, including charcoal and coal; offering and marketing fresh juices and cold beverages within Saudi Arabia.