Alshehili sets IPO price range on Nomu at SAR 76-80/shr

Logo of Alshehili Company

Alshehili Co. for Metal Industries set the price range for its potential initial public offering (IPO) on the Nomu-Parallel Market between SAR 76 and SAR 80 per share, according to financial advisor Forsa Capital.

The book-building process for qualified investors will run from Jan. 5 to 13, 2025, the company said in a statement on Tadawul.

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According to data available with Argaam, Alshehili plans to offer 500,000 shares on Nomu, representing 25% of its pre-offering capital of SAR 20 million divided into 2 million shares. The nominal value is SAR 10 per share.

These shares also make up 20% of the post-IPO capital, increasing to SAR 25 million.

Established in August 2005 in Riyadh, Alshehili specializes in manufacturing semi-trailers, tankers, and material handling vehicles for construction trucks, truck heads, cooling units, bodies, and tail lifts, along with offering maintenance, repair, and modification services.