Latest news with #AlKuzamaTrading
Zawya
30-05-2025
- Business
- Zawya
Al Kuzama Trading to debut on Saudi's Nomu on June 2
Shares of Al Kuzama Trading Company will be listed on the Nomu-Parallel Market on June 2. The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange said in a statement. This month, the company sold 422,400 shares on Nomu, representing 10.71% of its post-IPO capital, to qualified investors. The offering was 108.38% oversubscribed, with the price set at SAR 107 per share. The minimum and maximum subscriptions were fixed at 10 and 197,100 shares, respectively. (Editing by Seban Scaria
Argaam
29-05-2025
- Business
- Argaam
Al Kuzama shares to debut on Nomu on June 2
The Saudi Exchange (Tadawul) announced that Al Kuzama Trading Co. will start trading on the Nomu -Parallel Market as of June 2, with the symbol 9636 and ISIN Code SA16AG54MI15. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, May 29. For More IPOs Separately, the Securities Depository Center Co. (Edaa) said Al Kuzama's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam data, the company earlier floated 422,400 shares, representing 10.71% of the company's post-IPO capital and 12% of pre-IPO capital, at a nominal value of SAR 10 each. The final IPO price was set at SAR 107 each, and the offering was 108.38% covered.
Argaam
26-05-2025
- Business
- Argaam
Al Kuzama IPO on Nomu 108.4% covered
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Al Kuzama Trading Co., announced the completion of the offering of 422,400 shares on the Nomu-Parallel Market. In a statement on Tadawul today, May 26, the brokerage said the offering was 108.38% oversubscribed during the subscription period from May 18-22, at SAR 107 a share. For More IPOs Yaqeen Capital will finalize the required procedures with Tadawul, before determining Al Kuzama's debut date. According to Argaam 's data, Al Kuzama earlier announced floating 422,400 shares on Nomu, at a nominal value of SAR 10 each. These shares represent 12% of the company's pre-IPO capital, They make up 10.71% of the post-IPO capital. The company was established in 2013 in Riyadh as a sole proprietorship. It later converted into a limited liability company, and then into a joint stock company in 2021. Al Khuzama's core business includes operating premium restaurants and beverage outlets, as well as organizing upscale events.
Argaam
13-05-2025
- Business
- Argaam
Al Kuzama sets Nomu IPO price range at SAR 99-107/shr
The price range of Al Kuzama Trading Co. 's initial public offering (IPO) on the Nomu-Parallel Market has been set between SAR 99 and SAR 107 per share, according to Yaqeen Capital, the financial advisor and lead manager of the IPO. The book-building period for qualified investors will run from May 18-22, the company said in a statement on Tadawul today, May 13. For More IPOs According to data available with Argaam, the company intends to list 422,400 shares on Nomu. The offered shares represent 10.71% of its post-IPO capital (12% of its pre-IPO capital) at SAR 10 per share. Al Kuzama was founded in 2013 in Riyadh as a sole proprietorship. It transitioned to a limited liability company before becoming a joint-stock company in 2021. It currently operates restaurants and organizes upscale events.
