Saudi Parts Center shares to start trading on Nomu today

Logo of Saudi Parts Center Co.

Shares of Saudi Parts Center Co. (SPC) will start trading on Nomu Parallel Market today, Feb. 21, with the symbol 9533 and ISIN Code SA15GGOKKUH7.

In December 2021, the Capital Market Authority (CMA) approved SPC’s application to register its shares for direct listing on Nomu, Argaam reported.

Last month, SPC announced issuing the registration document for the direct listing of its shares on Nomu and set the price guidance per share at SAR 49.

This is the third direct listing on Nomu Parallel Market during this year, after the listing of Obeikan Glass earlier this month and AME Medical Supplies in January, 2022.

Company Profile

The company was established in 1988 as a closed joint stock company. Currently, it maintains a capital of SAR 30 million.

The company's activities include repair and maintenance of engines, electricity and steam generators; retail and wholesale of trucks spare parts; retail sale of agricultural machinery and equipment; retail of industrial machinery and equipment spare parts; and retail of construction machinery and equipment spare parts.

Company Profile
Company	Saudi Parts Center (SPC)
Market	Nomu Parallel Market
Core Activities	Repair and maintenance of engines, electricity and steam generators
Status	Active
Capital	SAR 30 mln

Direct Listing Highlights
Number of Shares	3 mln
Nominal Value	SAR 10/share
Price guidance	SAR 49
Method of Setting Opening Price	The opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified investors	- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). - Qualified investors categories

Alkhorayef Group is the company’s major shareholder, with 70% ownership.

Saudi Parts Center Shareholders
Shareholders	Before Direct Listing
Shareholders	No. of shares ('000)	Ownership percentage
Alkhorayef Group Co.	2100	70.00 %
Nama Alkhorayef	150.00	5.00 %
Hamad Abdullah I. Alkhorayef	36.06	1.20 %
Saad Abdullah I. Alkhorayef	36.06	1.20 %
Mohammed Abdullah I. Alkhorayef	36.06	1.20 %
Jawaher Abdullah I. Alkhorayef	18.00	0.60 %
Sara Abdullah I. Alkhorayef	18.00	0.60 %
Abdullah Abdullah I. Alkhorayef	5.82	0.19 %
Shareholders owning less than 5% stake (51 shareholders)	600.00	20.00 %
Total	3000.00	100.00 %

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