Logo of Alqemam for Computer System Co.
Alqemam for Computer System Co. will list and start trading on Nomu-Parallel Market today, Jan. 31, as a direct listing with the symbol 9558 and ISIN Code SA15OH84LB11, at SAR 80 per share.
The company's stock will trade with +/-30% daily price fluctuation limits and +/-10% static price fluctuation limits.
The company plans to fulfill the liquidity requirements through a liquidity provider.
On Dec. 28, 2022, the Capital Market Authority (CMA) gave the green light for Alqemam to register its shares for the purpose of direct listing on Nomu.
The company issued, on Dec. 29, 2022, the registration document for its Nomu direct listing.
This will be the first direct listing on Nomu this year. The other two companies were listed by offering shares to qualified investors.
A total of 32 companies were listed on Nomu last year, including 12 direct listings, 18 listings for qualified investors and a REIT.
This listing brings the number of Nomu-listed companies to 48, in addition to Alwaha REIT Fund.
Company Profile:
Established as a sole proprietorship in 2012, Alqemam is a Saudi joint stock company. Its current capital stands at SAR 30 million in capital.
The company operates in research and development in the field of engineering and technology; organizing and managing exhibitions and conferences; installing central computers; publishing ready-made programs; operating systems; providing wired Internet services; providing mobile communications services; providing wireless Internet services, and others.
Alqemam's actual activity is developing and managing apps and software and providing technical infrastructure services in the Kingdom.
Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
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Company Profile |
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Company |
Alqemam for Computer Systems Co. |
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Market |
Nomu - Parallel Market |
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Core Activities |
Developing and managing apps and software, as well as providing technical infrastructure services |
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Status |
Active |
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Capital |
SAR 30 mln |
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Direct Listing Profile |
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Number of shares |
3 mln |
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Share par value |
SAR 10 |
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Share price guidance upon listing |
SAR 80 |
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Method of setting share opening price |
The opening price of the stock will be set based on the supply and demand for the stock through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.
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 |
- Qualified foreign investors - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Wasel Abdullah Abdulaziz Al-Wasel |
2100.00 |
70.00% |
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Adel Fouad Rizk |
67.50 |
2.25% |
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Fawaz Abdul-Rahman Mutlaq Al-Aql |
30.00 |
1.00% |
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Afnan Ahmed Ali Al-Jalali |
15.00 |
0.50% |
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Mona Abdullah Ibrahim Al-Turki |
15.00 |
0.50% |
|
Abdullah Yahia Khaled Al-Saleem |
2.50 |
0.08% |
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Turki Ibrahim Abdullah Al-Turki |
2.50 |
0.08% |
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Essam Hamad Saad Al-Hudaibi |
2.50 |
0.08% |
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Public (60 shareholders) |
765.00 |
25.50% |
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Total |
3000.00 |
100% |
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