Alwazn Almithaly publishes prospectus for Nomu IPO of 451,500 shares

Alwazn Almithaly provides a wide range of health & wellness and sports essentials 

Alwazn Almithaly for Trading Co. issued today, Nov. 16, the prospectus to float 451,500 ordinary shares on the Nomu-Parallel Market.

The offered shares represent 15% of the company’s capital. The IPO will be limited to qualified investors, and the offer price will be announced later.

The share offering will run from Dec. 3-9.

In June, the CMA approved the company's application to list its shares on Nomu, according to Argaam data.

Established in 2005 in Al Khobar, Alwazn Almithaly is currently headquartered in Riyadh. It operates in wholesale and retail sales, healthy and specialty foods, and nutritional supplements.

The company’s core business covers the import and marketing of a diverse range of health & wellness and sports essentials. Its main product categories include:

Healthy foods: These include vitamins, minerals, diet products, items with no added sugar, and gluten-free products.

Sports nutritional supplements: These include athlete supplements, protein snacks, and pre-workout products.

Personal care products: These include gloves, face masks, and skincare and haircare products.

Sports equipment and devices: These include sports machines, sports accessories, slimming suits, and scales.

The company operates around 160 branches across various regions of Saudi Arabia. Its strategy includes opening new branches in under-penetrated areas.