{"id":95956,"date":"2025-04-13T00:00:00","date_gmt":"2025-04-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/13\/service-equipment-sets-ipo-price-range-ahead-of-its-nomu-listing\/"},"modified":"2025-04-13T00:00:00","modified_gmt":"2025-04-13T00:00:00","slug":"service-equipment-sets-ipo-price-range-ahead-of-its-nomu-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/13\/service-equipment-sets-ipo-price-range-ahead-of-its-nomu-listing\/","title":{"rendered":"Service Equipment sets IPO price range ahead of its Nomu listing"},"content":{"rendered":"

<\/strong>The <\/strong>Service E<\/a><\/strong>quipment Company<\/a><\/strong> (Sec) <\/strong>is guiding on an indicative price range of SAR 80-84 per share for its upcoming Nomu secondary offering of a 30% stake<\/a>, according to a disclosure<\/a> to Tadawul. Sec could raise up to SAR 60.48 mn from the offering at the top of the range and reach a market capitalization of SAR 201.6 mn at listing.<\/p>\n

Subscriptions open today: <\/strong>The subscription is scheduled to run between 13-17 April. Qualified investors will be able to book a maximum of 119.9k shares and a minimum of 10. The final allocation is slated for Tuesday, 22 April.<\/p>\n

Use of proceeds + lockup: <\/strong>Sec\u2019s selling shareholders<\/a> will rake in all of the proceeds from the sale \u2014 excluding some SAR 4 mn in IPO-related costs \u2014 with their shares remaining in lock-up for 12 months from the first day of trading.<\/p>\n

Meet Sec: <\/strong>Founded in 1980, the Jeddah-based company distributes and markets maintenance workshop equipment, car inspection tools, and oil and lubrication systems. The company\u2019s offerings also extend to the wholesale and retail trading of industrial machinery and fuel station components, including fuel pumps and storage facilities.<\/p>\n

ADVISORS- <\/strong>Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager, with RSM acting as accountant. Receiving agents include Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is the first IPO in the Middle East after the tariff shock roiled global markets<\/p>\n","protected":false},"author":1,"featured_media":95957,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[2419,10,29,369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","wpautop","entry"],"acf":{"mongo_id":"b73b8381-f2d5-4a60-a8e0-8d854b06aa4f","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/671.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Service Equipment sets IPO price range ahead of its Nomu listing","related_issue":[95946],"teaser":"This is the first IPO in the Middle East after the tariff shock roiled global markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.4b8e7891-fab7-4262-a2f3-9d7129b5fb61.mp3"},"yoast_head":"\nService Equipment sets IPO price range ahead of its Nomu listing - 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