Hawyia Auctions issues prospectus for Nomu IPO

Logo of Hawyia Auctions Co.

Hawyia Auctions Co. issued today, May 6, the prospectus to list 2.4 million shares, or 12% of capital, on the Nomu-Parallel Market.

The share sale will run for four working days from May 26-29, 2025.

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The Capital Market Authority (CMA) approved, in March the application received from the company to register its shares for direct listing on Nomu.

Hawyia Auctions was established as a limited liability company in 2019 in Riyadh. It was converted into a closed joint stock company in 2024.

The company's current activity is to provide auction organization and management services, estate settlement, and exclusive real estate marketing.

**Vice Chairman Abdullah Imad Hamad Al-Askar, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of 4.18% of its capital, of which the issuer owns 54%. His indirect ownership represents 2.25% of the issued capital before the IPO and 1.98% of issued capital after the IPO.

***Shareholder Mohammed Ibrahim Hamad Al-Tuwaijri, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of which the issuer owns 54%. His indirect ownership represents 0.06% of the issued capital before the IPO and 0.05% of issued capital after the IPO.