Yaqeen Capital debuts on Nomu today

Logo of Yaqeen Capital Co.

Yaqeen Capital Co. started trading on the Nomu-Parallel Market today, June 26, under the symbol 9602 and ISIN code SA1620K4M113, at SAR 40 per share.

The stock have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.

For More IPOs

According to Argaam's data, the company floated three million shares, or 20% of its total 15 million shares. The IPO was 105.07% subscribed.

This is the 12th listing on Nomu in 2024, including one direct listing and 11 offerings to qualified investors.

Nomu witnessed IPOs of 35 companies last year, divided into six direct listings, 29 offerings to qualified investors, and one REIT.

Yaqeen Capital listing brings the total number of companies on Nomu to 90, in addition to Alwaha REIT Fund.

Company Info:

Yaqeen Capital was established in 2006 as a closed joint stock company named Falcom Financial Services.

The company operates in asset management, investment banking, brokerage, and custody services, in line with the Companies Law and the CMA regulations.

Company Profile
Company	Yaqeen Capital
Market	Nomu-Parallel Market
Core Activities	Asset Management and Brokerage Services
Capital	SAR 150 mln
Number of Shares	15 mln

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of shares (mln shares)	Ownership (%)	Number of shares (mln shares)	Ownership (%)
Falcom Holding	9.0	60.0%	6.0	40.0%
Falcom Yaqeen Capital	6.0	40.0%	6.0	40.0%
The Public (Qualified Investors)	--	--	3.0	20.0%
Total	15.0	100%	15.0	100%

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