iOud debuts on Nomu today

02/10/2023 Argaam Special
Logo of Intelligent Oud Co. (iOud)

Logo of Intelligent Oud Co. (iOud)


Intelligent Oud Co.  (iOud) shares will be listed and begin trading on Nomu-Parallel Market as of today, Oct. 2, under the symbol 9579 and ISIN code SA15SGOKLLH9, at SAR 49 per share.

 

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

 

The company floated 325,000 shares, representing 20% its capital, to qualified investors. The offering was 1,983.63% oversubscribed.

 

 iOud’s IPO will take the number of listings on Nomu to 23 in 2023, including five direct offerings and 18 offerings for qualified investors.

 

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors and a real estate investment traded fund.

 

iOud’s debut brings the total number of Nomu listings to 67, in addition to Alwaha REIT Fund.

 

Company Profile

 

iOud is a Saudi joint stock company established in Riyadh in 2010. It is active in the manufacture of oud and incense, as well as in the production and reproduction of fresheners and related oils.

 

The company headquarters are in Riyadh and it has a branch in Dubai.

 

Company Profile

Company

Intelligent Oud Co. (iOud)

Market

Nomu-Parallel Market

Core Activities

Manufacture of oud, incense, oils and perfumes

Capital

SAR 13 mln

Post-IPO Capital

SAR 16.25 mln

 

Company Shareholders

Shareholders

Post-IPO

Number of Shares

(‘000 shares)

Ownership (%)

Badr Abdul Rahman Al-Dulaimi

401.78

24.73%

Abdul Majeed Abdul Rahman Al-Dulaimi

334.78

20.60%

Abdul Latif Abdul Rahman Al-Dulaimi

167.44

10.30%

Mohammed Abdul Rahman Al-Dulaimi

100.44

6.18%

Public

295.56

18.19%

Qualified Investors

325.00

20.00%

Total

1625.0

100%

 

For More IPOs 

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