Qualified investors start subscription to RATIO’s 5M shares today on Nomu

Subscription by qualified investors will run for five business days until Feb. 20, 2025.

Today’s listings of RATIO and Hedab Alkhaleej Trading Co.will bring this year’s IPOs to six on the parallel market, after Shmoh Almadi Co. debuting on Jan. 13, ITMAM Consulting Co.  on Jan. 23, Alshehili Co. for Metal Industries on Jan. 29., and Basma Adeem Medical Co. (Smile Care) on Feb. 3.

Nomu witnessed 28 IPOs in 2024.

The Capital Market Authority (CMA) approved on Dec. 24, 2024, the company’s request to float its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts as well as clients of capital market institutions authorized to carry out management operations.

This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. 

The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.

Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.

They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Company Profile

Established in 2018 in Al Ahsa city, RATIO operates in the cafes and restaurants, commercial franchise, supply chains and machinery maintenance and supply segments.

The company has 88 branches distributed across the Kingdom. The number of company-owned branches is 12, representing 14% of the total branches, while the remaining 86% are franchise branches.