Sahat Almajd Trading Co. plans to float 4.38 million shares, or 12.5% of its pre-IPO capital of SAR 35 million on the Nomu-Parallel Market, said Value Capital, the offering financial advisor and lead manager.
These shares also represent 11.11% of post-IPO capital.
The offering will be limited to qualified investors, as per the Capital Market Law provisions.
The share sale will run for five working days from Oct. 19-23, 2025.
In June, the CMA approved the company's application to list its shares on Nomu.
Sahat Al-Majd Trading Co. was initially established as a sole proprietorship in 2005 in Riyadh. It was later converted into a limited liability company, and eventually into a closed joint-stock company in 2024.
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