AI Summary
Logo of Wajd Life Trading Co.
Shares of Wajd Life Trading Co. listed and began trading on the Nomu-Parallel Market today, Sept.15, under the symbol 9647 and ISIN Code SA16CG2KMNH0, at SAR 5.7 apiece.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
Wajd Life earlier floated 2.5 million ordinary shares on Nomu. The offered shares represented 20% of the company’s after-IPO capital and 25% before-IPO capital.
The offering was nearly 179.34% subscribed.
This is the 21st listing on Nomu in 2025, comprising one direct listing and 20 offerings to qualified investors.
Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.
This listing brings the number of Nomu firms to 125, in addition to Alwaha REIT Fund.
Wajd Life was established in 2013 in Riyadh, as a sole proprietorship. It later converted into a limited liability company, and transformed into a Saudi closed joint-stock company in 2024.
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.
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Company Profile |
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Company |
Wajd Life Trading Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Medical operations and supply of medical and non-medical equipment, spare parts, etc. |
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Pre-IPO Capital |
SAR 10 mln |
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Number of Shares |
10 mln |
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Post-IPO Capital |
SAR 12.5 mln |
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Number of Shares |
12.5 mln |
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Nominal Value |
SAR 1 per share |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Mohammed Issa Yahya Namazi |
6,500 |
65% |
6,500 |
52% |
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Abdulrahman Thanyan Al-Obeikan |
2,500 |
25% |
2,500 |
20% |
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Abdulrahman Halil Al-Maliki |
500 |
5% |
500 |
4% |
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Mishal Mohammed bin Owain |
500 |
5% |
500 |
4% |
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Qualified investors |
-- |
-- |
2500 |
20% |
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Total |
10,000 |
100% |
12,500 |
100% |
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