Service Equipment issues prospectus for IPO on Nomu

Logo of Service Equipment Co.

Service Equipment Co. issued today, March 17, the prospectus for its planned offering of 720,000 shares on the Nomu-Parallel Market.

The offer shares represent 30% of the company’s total 2.4 million share capital.

For More IPOs

The offering period will run from April 13-17.

The Capital Market Authority (CMA) approved the Nomu listing of Service Equipment in December 2024.

The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.

According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric vehicles), wholesale and retail trading of industrial machinery and equipment spare parts, and retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.

Company Profile
Company	Service Equipment Co.
Market	Parallel Market-Nomu
Core Activities	Provision of maintenance equipment, such as car lifts, car wash systems, and fuel station equipment
Capital (Pre- & Post- Offering)	SAR 24 mln
Number of Shares (Pre- & Post- Offering)	2.4 mln
Nominal Value Per Share	SAR 10

Offering Details
Offering Percentage	30 %
Number of Offer Shares	720,000
IPO Minimum Limit	10 shares
IPO Maximum Limit	119,990 shares
Offer Period	April 13-17, 2025
Final Allocation	April 22, 2025
Surplus Refund (if any)	April 24, 2025

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Ahmad Omar Abubakr Balubaid Holding Co.	2,112.00	88.00 %	1,478.400	61.60 %
Omar Abubakr Balubaid Co. Ltd.	288.00	12.00 %	201.60	8.40 %
Qualified Investors	--	--	720.00	30.00 %
Total	2,400.00	100 %	2,400.00	100 %

Additional Information
Financial Advisor & Lead Manager	Yaqeen Capital
Receiving Entities	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, Sahm Capital

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