Axelerated Solutions debuts on Nomu at SAR 27/shr today

Logo of Axelerated Solutions for Information and Communication Technology Co.

Axelerated Solutions for Information and Communication Technology Co.’s shares start trading on the Nomu-Parallel Market today, June 1, under the symbol 9637 and ISIN Code SA16AGDKMIH2, at SAR 27 per share.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

For More IPOs

Axelerated Solutions floated three million shares on Nomu. The offering was nearly 208.1% covered.

The offered shares represented 10.71% of the company’s post-IPO capital, amounting to SAR 28 million (divided into 28 million shares with a par value of SAR 1 each).

This is the 13th listing on Nomu in 2025, following Shmoh Almadi Co. debut on Jan. 13 and ITMAM Consulting Co. on Jan. 23. This is in addition to Alshehili Co. for Metal Industries and Twareat Medical Care Co. on Jan. 29. Also, Basma Adeem Medical Co. (Smile Care) on Feb. 3, Lamasat Co. on Feb. 9, Hedab Alkhaleej on March 5, RATIO on March 9, Future Vision for Health Training Co. on April 27, Service Equipment Co. on May 4, Dkhoun National Trading Co. on May 20, Adeer Real Estate Co. on May 26.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.

This listing brings the number of Nomu firms to 117, in addition to Alwaha REIT Fund.

Company Overview

Established in 2015 with headquarters in Riyadh, the company offers managed and operational services, software licensing, PCs, and their accessories.