International Human Resources debuts on Nomu today

Logo of International Human Resources Co. (IHR) 

International Human Resources Co. (IHR) starts trading on Nomu-Parallel Market today, Aug. 22, under the symbol 9545 and ISIN Code SA15K0H4L4H6, according to the Saudi Exchange (Tadawul).

Daily fluctuation limit is ±30% and static price fluctuation limit is ±10%.

IHR floated 500,000 ordinary shares on Nomu, representing 20% of its post-IPO capital of SAR 25 million (25% of its pre-IPO SAR 20 million capital). 

The final offer price was set at SAR 34 per share, with a coverage ratio of 19.45x.   

With IHR, the number of Nomu listings in 2022 rose to 23 companies, divided into 11 direct listings and 12 offerings for qualified investors. 

Company Info:

IHR was founded as a sole proprietorship in 2005, which was then converted to a closed joint stock company early 2021. The Riyadh-based company will have a post-IPO capital of SAR 25 million.

The company's activities are outsourcing services for human resources, employment services for leading positions, HR-related administrative consultancy, and HR-related employment services and technical products.

The company has three branches within the Kingdom and three abroad, in addition to its headquarters in Riyadh.

Company Shareholders
Shareholders	Post-IPO
	Number of Shares (‘000 shares)	Ownership%
Ali Ammar Falah Alharbi	600.00	24.00%
Khaled Saleh Abdulrahman Alshathri	500.00	20.00%
Remaining shareholders	900.00	36.00%
Public	500.00	20.00%
Total	2500.00	100%

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