Service Equipment shares debut on Nomu today at SAR 84

Service Equipment Co. will begin trading on the Nomu-Parallel Market today, May 4, with the symbol 9633 and ISIN Code SA16A1A4MGH8, at SAR 84 per share.

Shares will trade with +/- 30% and +/- 10% daily and static price fluctuation limits, respectively.

Service Equipment offered 720,000 shares on Nomu, with a coverage ratio of approximately 147%.

The offering represents 30% of the company’s capital, which stands at SAR 24 million, divided into 2.4 million shares, with a nominal value of SAR 10 each.

This marks the ninth IPO on Nomu so far this year, following listings by Shmoh Almadi Co. on Jan. 13, ITMAM Consulting Co. on Jan. 23, Twareat Medical Care Co. and Alshehili Co. for Metal Industries on Jan. 29, Basma Adeem Medical Co. (Smile Care) on Feb. 3, Lamasat Co. on Feb. 9, Hedab Alkhaleej Trading Co. on March 5, Ratio Speciality Company for Trading on March 9, and Future Vision for Health Training Co. on April 27.

Nomu witnessed 30 IPOs in 2024, including three direct listings and 27 listings through offerings to qualified investors.

This listing brings the number of Nomu-listed companies to 114, in addition to Alwaha REIT Fund.

Headquartered in Jeddah, Service Equipment was established as a branch of a sole proprietorship in 1980.

The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.
 

According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric bikes), as well as wholesale and retail trading of industrial machinery and equipment spare parts. This is in addition to retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.