Abdulaziz Ahmad Altwijiri Trading priced its Nomu offering at SAR 25 per share, the top of the range it was guiding on, after the IPO was 122% covered, according to a disclosure to Tadawul. The offer price values the company at SAR 125 mn at listing and will see it raise some SAR 25 mn in proceeds. Allocations will take place today.

ICYMI- Altwijri Trading is floating a 20% stake (post capital increase), good for 1 mn shares, in a primary offering on Tadawul’s parallel market. It plans to use the fresh funds to back its growth plans, including forging M&A agreements, purchasing a depot in Riyadh, and boosting its logistics operations.

ADVISORS- The company tapped Yaqeen Capital as the sole financial advisor and lead manager on the transaction, while RSM Global provided counsel. Receiving agents include Alistithmar Capital, Alinma Capital, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, AlRajhi Capital, Albilad Capital, Derayah Financial, BSF Capital, Sab Invest, Alkhabeer Capital, GIB Capital, Sahm Capital, Musharaka Capital, EFG Hermes, and Awaed Alosool Capital.

Coming to NomuC: Sahat Almajd set its IPO price at SAR 7.0 a pop, Khaled Dhafer &Brother’s Logistics Services Company (KDL Logistics) is floating a 20% stake, and Lavenco Aluminum Systems priced its IPO at SAR 48 per share. Meanwhile, Alwazn Almithaly for Trading secured its CMA greenlight in June, giving the company until year-end to proceed with the offering.

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