Logo of Naas Petrol Factory Co.
Naas Petrol Factory Co. started trading on the Nomu-Parallel Market today, Aug. 28, under the symbol 9609 and ISIN code SA164054M3H7.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed.
In March, the Capital Market Authority (CMA) approved Naas Petrol’s Nomu direct listing application. On Aug. 6, it announced the issuance of the registration document, setting the price guidance at SAR 49 per share.
This is the 17th listing on Nomu in 2024. They are divided into two direct listings and 15 offerings to qualified investors.
In 2023, Nomu witnessed 35 listings, including six direct listings and 29 offerings to qualified investors, plus one REIT.
Naas Petrol’s offering will bring the total number of companies listed on Nomu to 94, in addition to Alwaha REIT Fund.
Company Profile:
Naas Petrol was established as a limited liability company in Riyadh in 2010, before being converted into a closed joint stock company in June 2022.
Its current actual activity includes the manufacturing of refined petroleum products as well as engine and equipment oils, hydraulic products, lubricants for gasoline and diesel engines, and transmission oils.
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Company Profile |
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Company |
Naas Petrol Factory Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of refined petroleum products |
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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 Offer Shares |
3 mln |
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Par Value |
SAR 10/share |
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Price Guidance |
SAR 49 |
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Method of Setting Opening Price |
Based on the stock’s supply and demand via the pre-opening auction mechanism. During this 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 limit
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 |
- QFIs - Current shareholders (Excluding owners of a 5% stake or more, to whom the lock-up period shall apply) |
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Company Shareholders |
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Shareholder |
Pre-Direct Listing |
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Number of Shares (‘000) |
Ownership (%) |
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Salman Mohsen Raji Al-Mutairi |
1230.00 |
41% |
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Saad Madath Faris Al-Otaibi |
615.00 |
20.5% |
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Mohamed Faris Khazam Al-Otaibi |
615.00 |
20.5% |
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Rakan Salman Mohsen Al-Mutairi |
147.00 |
4.9% |
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Sultan Mohamed Faris Al-Otaibi |
144.00 |
4.8% |
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Shahd Saad Madath Al-Otaibi |
141.00 |
4.7% |
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Marzouq Alitha Abbad Al-Mutairi |
108.00 |
3.6% |
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Total |
3000.00 |
100.00% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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