Service Equipment to make Nomu debut on May 4

30/04/2025 Argaam

Service Equipment to make Nomu debut on May 4

Logo of Service Equipment Co.

The Saudi Exchange (Tadawul) announced that Service Equipment Co.’s shares will list and start trading on the Nomu-Parallel Market on May 4, with the symbol 9633 and ISIN Code SA16A1A4MGH8.

 

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, April 30.

 

For More IPOs

 

Separately, the Securities Depository Center Co. (Edaa) said Service Equipment’s subscribed securities were deposited today into the accounts of eligible shareholders.

 

According to Argaam data, the company earlier floated 720,000 shares on Nomu at SAR 84 apiece. The offering was 147.02% subscribed.

 

The offered shares represented 30% of Service Equipment’s SAR 24 million capital (divided into 2.4 million shares), at a nominal value of SAR 10 apiece.

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