Subscription opens for 2.5M shares of Wajd Life on Nomu today

Logo of Wajd Life Trading Co. 

Qualified investors begin today, Aug. 31, subscription to 2.5 million shares of Wajd Life Trading Co. on the Nomu-Parallel Market. The price range is set between SAR 5.50 to SAR 5.70 per share.

The shares on offer represent 20% of the company’s pre-offering capital.

For More IPOs

The company's current capital is SAR 10 million, which will increase to SAR 12.5 million after the offering, divided into 12.5 million shares with a nominal value of SAR 1 per share.

The subscription period for qualified investors will continue for five business days, ending on Sept. 4.

Today’s listing of Wajd Life will bring this year’s IPOs to 23 since the beginning of 2025.

In March, the Capital Market Authority (CMA) approved Wajd Life’s application to offer its shares on Nomu.

Nomu witnessed 28 IPOs in 2024.

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.

- 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.

Company Overview

Wajd Life was established in 2013 in Riyadh, as a Saudi closed joint-stock company. Its current activities are divided into five segments: Medical operations; operation, maintenance and facility management; medical equipment sales and after-sales services; specialized maintenance, and supply of medical devices’ spare parts, accessories, and thereof.