Al-Rashid Industrial to debut on Nomu today

Logo of Al-Rashid Industrial Co.

The Saudi Exchange (Tadawul) announced that Al-Rashid Industrial Co. (Al Rashid Industrial) shares will be listed and begin trading on Nomu-Parallel Market as of today, Sept. 12, with the symbol 9580 and ISIN Code SA15S0CKLM18, at SAR 25 per share.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

The Capital Market Authority (CMA) approved Al Rashid Industrial's request to register its shares for direct listing on Nomu on June 5.

On Aug. 20, the company announced its registration document on Nomu, setting the indicative price at SAR 25 per share.

Al-Rashid Industrial’s IPO will take the number of listings on Nomu to 22 in 2023, including five direct offerings and 17 offerings for qualified investors.

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors and a real estate investment traded fund.

Al-Rashid Industrial’s debut will take the total number of Nomu listings to 66, in addition to Alwaha REIT Fund.

Company Profile

Established in Riyadh in 1969, the company is capitalized at SAR 80 million, divided into eight million shares, at a par value of SAR 10 per share.

The company's activities, as per its commercial register, are represented in transformative industries, including the manufacturing of plastic cans and containers, as well as bottles of various types.

Company Profile
Company	Al-Rashid Industrial Co.
Market	Nomu-Parallel Market
Core Activities	Transformative industries
Status	Active
Capital	SAR 80 mln

Direct Listing Profile
Number of Shares	8 mln
Share Nominal Value	SAR 10
Price Guidance upon Listing	SAR 25
Method of Setting Share Opening Price	The opening price of the stock shall be set based on the supply and demand for the stock through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a +/-30% daily fluctuation ratio. The price guidance is considered a reference only for the fair market value, which is the debut price for the debut day only.
Qualified Investors	- Qualified investors - Current shareholders (Excluding owners of a 5% stake or more to whom the lock-up period shall apply).

Company Shareholders
Shareholders	Pre-Direct Listing
Shareholders	Number of shares (mln)	Ownership (%)
Fahd Abdulaziz Al-Rashid Al-Humaid	2.24	28%
Mohamed Abdulaziz Al-Rashid Al-Humaid	2.24	28 %
Asmaa Abdulaziz Al-Rashid Al-Humaid	1.12	14 %
Loaloa Abdullah Shalash Alshalash	0.80	10 %
Other shareholders (100 shareholders)	1.60	20%
Total	8.00	100.00%

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