TAQAT to start trading on Nomu as 6th lisiting of 2024

Logo of TAQAT Mineral Trading Co.

Shares of TAQAT Mineral Trading Co. began trading on Nomu-Parallel Market today, March 28, with the symbol 9599 and ISIN Code SA161G94LVH0, at SAR 18 per share.

The daily and static price fluctuation limits will be ±30% and ±10%, respectively.

To follow more subscriptions in Tadawul

TAQAT Mineral offered 2.44 million shares, or 20% of its share capital, to qualified investors. The initial public offering (IPO) was 109.48% covered.

This is the sixth IPO on Nomu during 2024 after Pan Gulf Marketing Co. on Feb. 18, WSM Information Technology Co. on Feb. 21, Al-Modawat Specialized Medical Co. on Feb.  25, Quara Finance Co. on March. 7, and Al Mohafaza Co. for Education on March 26.

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

TAQAT Mineral will bring the total number of companies on Nomu to 83, in addition to Alwaha REIT Fund. 

Company Profile:

Established as a sole proprietorship in Riyadh in 2017, TAQAT converted to a closed joint-stock company in 2021. The company’s current capital stands at SAR 97.5 million and its business includes recycling iron, metals, and scrap.