Nomu: Subscription to 451,5000 Alwazn Almithaly shares starts today

The price range has been set between SAR 75 and SAR 78 per share.

The offered shares represent 15% of the company’s capital, amounting to SAR 30.1 million, divided into 3.01 million shares, at a par value of SAR 10 each.

The offering will run for five days until Dec. 9.

With today’s offering, the total number of IPOs on the Nomu has reached 29 since the beginning of 2025.

Nomu recorded 28 IPOs during the previous year.

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 Capital Market Authority (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.

 - Investment funds, 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.

The CMA approved the company’s request to offer its shares in June 2025.

Established in 2005 in Al Khobar, Alwazn Almithaly is currently headquartered in Riyadh. It operates in wholesale and retail sales, healthy and specialty foods, and nutritional supplements.
 

The company’s core business covers the import and marketing of a diverse range of health & wellness and sports essentials.
 

Its main product categories include: 

Healthy foods: These include vitamins, minerals, diet products, items with no added sugar, and gluten-free products. 

Sports nutritional supplements: These include athlete supplements, protein snacks, and pre-workout products. 

Personal care products: These include gloves, face masks, and skincare and haircare products. 

Sports equipment and devices: These include sports machines, sports accessories, slimming suits, and scales. 

The company operates around 160 branches across various regions of Saudi Arabia. Its strategy includes opening new branches in under-penetrated areas.

Company Revenues:

The company generated revenues of SAR 102.9 million during the first half of 2025, an increase of approximately 14% compared to a year ago.

Breaking down the sales categories, in-store sales accounted for the largest share of channel sales at 75%, totaling SAR 77.6 million, while online sales recorded the highest growth rate, more than doubling compared to the year-earlier period.

The company’s prospectus showed that point-of-sale sales accounted for the largest share of revenues in 2024, representing 82% of total revenues of SAR 197.2 million, compared to 83% in 2023.

In contrast, the contribution of wholesale sales increased to 17% in 2024, up from 16% in 2023 and 10% in 2022, while online store sales represented about 1% of total revenues.