Logo of Aqaseem Factory for Chemicals and Plastics Co.
Shares of Aqaseem Factory for Chemicals and Plastics Co. will debut on Nomu-Parallel Market today, May 25, with the symbol 9539 and ISIN Code: SA15IGO4L1H9.
The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.
In March, the Capital Market Authority (CMA) approved Aqaseem’s request to register its shares for direct listing on Nomu.
In April, the company issued its registration document for the direct listing, setting the price guidance at SAR 48.
This will be the 13th listing on Nomu, which has seen six direct listings and seven through offering to qualified investors.
Company Info:
The company was established in 2009 in Riyadh, as a branch of Awad Mohammae Baneem & Sons Trading Company Ltd. It turned into a limited liability company in 2014, and into a closed joint stock company in 2020. It currently operates with SAR 25 million capital.
The company's actual and current activity is represented in the production of automotive engine oils, hydraulic oils, liquid asphalt insulators, solvents, plastic caps for packages, Palmitic Ester, brake oils, industrial and automotive greases, acid for batteries, citric acids, plastic packages, base oils, lubricants for gasoline and diesel engines, transmission oils, cleaning oils and breaker oils.
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Company Profile |
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Company |
Aqaseem Factory for Chemicals and Plastics Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Production of lubricants for equipment and engines |
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Status |
Active |
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Capital |
SAR 25 mln |
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Direct Listing Profile |
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Number of shares |
2.5 mln shares |
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Share par value |
SAR 10 |
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Share price guidance upon listing |
SAR 48 |
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Method of setting share opening price |
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 investors categories |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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External Auditor |
Al Kharashi & Co. |
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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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Mohammed Mishnan Suleiman Al-Dosari |
328.38 |
13.14% |
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Faisal Hatem Awad Al-Zahrani |
324.89 |
13.00% |
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Diyar Al Baida Trading Co. |
135.00 |
5.40% |
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Sixth Network Trading Co. |
135.00 |
5.40% |
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Waad Al-Ghad Trading Co. |
135.00 |
5.40% |
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Sareyat Ashamal Trading Co. |
135.00 |
5.40% |
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Khetam Al-Roya Trading Co. |
100.00 |
4.00% |
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Four Madarat Trading Co. |
100.00 |
4.00% |
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Ashry Saad Mazaal Al-Ashry |
30.24 |
1.21% |
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Sarah Saad Othman Al Hudaib |
0.05 |
0.002% |
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Horizon Analytical Co. for Commercial Services |
122.11 |
4.88% |
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Three Diamonds Elevators Co. |
122.11 |
4.88% |
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Shareholders owning less than 5% stake (52 shareholders) |
832.22 |
33.29% |
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Total |
2500.00 |
100.00% |
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