Logo of Saudi Parts Center Co.
Shares of Saudi Parts Center Co. (SPC) will start trading on Nomu Parallel Market today, Feb. 21, with the symbol 9533 and ISIN Code SA15GGOKKUH7.
In December 2021, the Capital Market Authority (CMA) approved SPC’s application to register its shares for direct listing on Nomu, Argaam reported.
Last month, SPC announced issuing the registration document for the direct listing of its shares on Nomu and set the price guidance per share at SAR 49.
This is the third direct listing on Nomu Parallel Market during this year, after the listing of Obeikan Glass earlier this month and AME Medical Supplies in January, 2022.
Company Profile
The company was established in 1988 as a closed joint stock company. Currently, it maintains a capital of SAR 30 million.
The company's activities include repair and maintenance of engines, electricity and steam generators; retail and wholesale of trucks spare parts; retail sale of agricultural machinery and equipment; retail of industrial machinery and equipment spare parts; and retail of construction machinery and equipment spare parts.
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Company Profile |
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Company |
Saudi Parts Center (SPC) |
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Market |
Nomu Parallel Market |
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Core Activities |
Repair and maintenance of engines, electricity and steam generators |
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Status |
Active |
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Capital |
SAR 30 mln |
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Direct Listing Highlights |
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Number of Shares |
3 mln |
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Nominal Value |
SAR 10/share |
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Price guidance |
SAR 49 |
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Method of Setting Opening Price |
The opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Qualified investors |
- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). - Qualified investors categories |
Alkhorayef Group is the company’s major shareholder, with 70% ownership.
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Saudi Parts Center Shareholders |
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Shareholders |
Before Direct Listing |
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No. of shares ('000) |
Ownership percentage |
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Alkhorayef Group Co. |
2100 |
70.00 % |
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Nama Alkhorayef |
150.00 |
5.00 % |
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Hamad Abdullah I. Alkhorayef |
36.06 |
1.20 % |
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Saad Abdullah I. Alkhorayef |
36.06 |
1.20 % |
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Mohammed Abdullah I. Alkhorayef |
36.06 |
1.20 % |
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Jawaher Abdullah I. Alkhorayef |
18.00 |
0.60 % |
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Sara Abdullah I. Alkhorayef |
18.00 |
0.60 % |
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Abdullah Abdullah I. Alkhorayef |
5.82 |
0.19 % |
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Shareholders owning less than 5% stake (51 shareholders) |
600.00 |
20.00 % |
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Total |
3000.00 |
100.00 % |
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