Al-Fakhera debuts on Nomu today

Logo of Al-Fakhera Men’s Tailoring Co.

Shares of Al-Fakhera Men’s Tailoring Co. will start trading on the Nomu-Parallel Market today, Nov. 28, with the symbol 9618 and ISIN Code SA165G34M915, at SAR 6 apiece.

The stock will trade with a daily price fluctuation limit of +/-30% and +/-10% static price fluctuation limits.

Al-Fakhera offered six million shares on Nomu, representing 20% of its pre-IPO capital (16.67% of post-capital), at SAR 6 each, with coverage ratio reaching 286.24%.

This is the 24th listing on Nomu this year, including three direct listings, and 21 offerings to qualified investors.

Last year, Nomu witnessed 35 IPOs, including six direct listings, and 29 offerings to qualified investors, in addition to one REIT.

Al-Fakhera’s listing would bring the number of listed companies on Nomu to 101, in addition to Alwaha REIT Fund.

Company Profile

Al-Fakhera Men's Tailoring was established in March 1978 in Riyadh and has 68 branches. It specializes in tailoring and sewing men's clothing, accessories, and selling fabrics.

According to its commercial registration, the company's activities include tailoring Arab and non-Arab men's clothing and retail selling of clothing accessories and supplies.

Company Profile
Company	Al-Fakhera Men's Tailoring Co.
Market	Nomu-Parallel Market
Core Activities	Tailoring and sewing men's clothing
Pre-IPO Capital	SAR 30 mln
Number of shares	30 mln
Post-IPO Capital	SAR 36 mln
Number of shares after IPO	36 mln
Share Par Value	SAR 1/share

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (mln)	Ownership (%)	Number of Shares (mln)	Ownership (%)
Sulaiman Al-Yahya	25.65	85.5%	25.65	71.25%
Waqf Sulaiman Al-Yahya	2.85	9.5%	2.85	7.92%
21 Individuals from the Al-Yahya Family*	1.50	5.0%	1.50	4.16%
The public (Qualified investors)	--	--	6.00	16.67%
Total	30.00	100%	36.00	100%

*Each owns 71,430 shares before and after the offering.

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