Logo of View United Real Estate Development Co.
View United Real Estate Development Co. starts trading on the Nomu-Parallel Market today, Dec. 13, under the symbol 9591 and ISIN code SA15TH34LRH3 at SAR 70 per share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
The company’s 600,000-share offering for qualified investors, representing 18.18% of the company’s post-IPO capital, was 110.2% oversubscribed.
This is the 35th listing on Nomu in 2023 – six direct listings and 29 offerings to qualified investors.
Nomu witnessed IPOs of 32 companies last year, divided into 13 direct listings, 18 offerings to qualified investors, and one REIT.
View United’s listing will bring the total number of companies on Nomu to 78, in addition to Alwaha REIT Fund.
Company Profile:
View United was established as a limited liability company in Riyadh in 2011. It then transformed into a closed joint stock company.
The company develops real estate units and villas directly and for third parties. It also leases residential and commercial properties. In addition, View United obtained real estate developer qualification certificate from the Developer Services Center (Etmam).
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Company Profile |
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Company |
View United Real Estate Development |
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Market |
Nomu-Parallel Market |
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Core Activities |
Real estate development |
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Capital Pre-IPO |
SAR 30 mln |
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Capital Post-IPO |
SAR 33 mln |
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Number of Shares |
3 mln |
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Number of Shares Post-IPO |
3.3 mln |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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No. of shares (mln shares) |
Ownership (%) |
No. of shares (mln shares) |
Ownership (%) |
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Ahmed bin Bijad Al-Harby |
1.59 |
53.00% |
1.44 |
43.64% |
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Mohammed bin Ibrahim Al Dawoud |
1.41 |
47.00% |
1.26 |
38.18% |
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Qualified investors |
-- |
-- |
0.60 |
18.18% |
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Total |
3.00 |
100% |
3.30 |
100% |
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