Naas Petrol debuts on Nomu today

Logo of Naas Petrol Factory Co.

Naas Petrol Factory Co. started trading on the Nomu-Parallel Market today, Aug. 28, under the symbol 9609 and ISIN code SA164054M3H7.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed.

For More IPOs

In March, the Capital Market Authority (CMA) approved Naas Petrol’s Nomu direct listing application. On Aug. 6, it announced the issuance of the registration document, setting the price guidance at SAR 49 per share.

This is the 17th listing on Nomu in 2024. They are divided into two direct listings and 15 offerings to qualified investors.

In 2023, Nomu witnessed 35 listings, including six direct listings and 29 offerings to qualified investors, plus one REIT.

Naas Petrol’s offering will bring the total number of companies listed on Nomu to 94, in addition to Alwaha REIT Fund.

Company Profile:

Naas Petrol was established as a limited liability company in Riyadh in 2010, before being converted into a closed joint stock company in June 2022.

Its current actual activity includes the manufacturing of refined petroleum products as well as engine and equipment oils, hydraulic products, lubricants for gasoline and diesel engines, and transmission oils.

Company Profile
Company	Naas Petrol Factory Co.
Market	Nomu-Parallel Market
Core Activities	Manufacturing of refined petroleum products
Status	Active
Capital	SAR 30 mln

Direct Listing Profile
Number of Offer Shares	3 mln
Par Value	SAR 10/share
Price Guidance	SAR 49
Method of Setting Opening Price	Based on the stock’s supply and demand via the pre-opening auction mechanism. During this 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 limit 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	- QFIs - Current shareholders (Excluding owners of a 5% stake or more, to whom the lock-up period shall apply)

Company Shareholders
Shareholder	Pre-Direct Listing
Shareholder	Number of Shares (‘000)	Ownership (%)
Salman Mohsen Raji Al-Mutairi	1230.00	41%
Saad Madath Faris Al-Otaibi	615.00	20.5%
Mohamed Faris Khazam Al-Otaibi	615.00	20.5%
Rakan Salman Mohsen Al-Mutairi	147.00	4.9%
Sultan Mohamed Faris Al-Otaibi	144.00	4.8%
Shahd Saad Madath Al-Otaibi	141.00	4.7%
Marzouq Alitha Abbad Al-Mutairi	108.00	3.6%
Total	3000.00	100.00%

Additional Information
Financial Advisor	Yaqeen Capital

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