Saudi Lime debuts on Nomu today

Logo of Saudi Lime Industries Co. 

Saudi Lime Industries Co. will begin trading on Nomu-Parallel Market today, April 27, with the symbol 9566 and ISIN Code: SA15Q08KLF13, at SAR 17/share.

Shares will trade with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

The Capital Market Authority (CMA) approved, in December 2022, the application received from the company to float its shares on Nomu.

Saudi Lime offered 2 million ordinary shares, representing 9.09% of its share capital, at SAR 17 per share. The initial public offering (IPO) was 318.9% covered.

This is the 12th listing on Nomu in 2023, comprising three direct listings and nine offerings to qualified investors.

Nomu welcomed 32 companies last year, with 13 direct listings and 18 offerings to qualified investors, in addition to one REIT.

Saudi Lime’s listing will bring the total number of companies on Nomu to 57, in addition to Alwaha REIT Fund.

Company Profile:

 
Headquartered in Riyadh, Saudi Lime was established as a closed joint-stock company in 1977.

 
The company's actual activity is the production and sale of bricks, lime sand blocks, calcium oxide (quicklime), calcium hydroxide (slaked lime), calcium carbonate (limestone), calcium oxide and magnesium (dolomite).

Saudi Lime’s activities as per the commercial register include manufacture of chemical elements, sand bricks, floor blocks, roof tiles, as well as slaked and quicklime.

The company’s current capital stands at SAR 200 million divided into 20 million shares.

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