MSGA debuts on Nomu today at SAR 6/shr

MSGA said it will use 100% of the net IPO proceeds to fund its expansion plans

MSGA Investment shares will start trading on the Nomu-Parallel Market today, July 8, under the symbol 9655 and ISIN code SA16J034MRH7, at SAR 6 per share.

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

MSGA offered 11.11 million shares to qualified investors, representing 10% of the company's post-IPO capital, totaling SAR 111.1 million, which is divided into 111.11 million shares with a par value of SAR 1 per share.

The coverage ratio reached 144.59% of the total shares offered.

The company will use 100% of the net proceeds from the offering to fund its expansion plans, strengthen market presence, and support sustainable growth.

This is the second listing on Nomu in 2026, after Khaled Dhafer and Brothers Logistics Services Co. (KDL Logistics) on Jan. 6.

Nomu witnessed 25 IPOs last year, including one direct listing and 24 offerings to qualified investors.

MSGA’s listing brings the total number of companies on Nomu to 124, in addition to Alwaha REIT Fund.

Company Profile:

Founded in 2020 in Riyadh, MSGA Investment operates in real estate development and investment, focusing on developing and constructing residential and non-residential units.