Logo ofAlwasail Industrial Co.
Shares of Alwasail Industrial Co. (symbol: 4148) began trading today, Jan. 21, on the main Tadawul All Share Index (TASI) under the capital goods sector, with a daily price fluctuation limit of ±10%. 
Tadawul has approved the company’s transfer from the Nomu-Parallel Market to TASI on Dec. 31, 2025.
Alwasail’s capital stands at SAR 250 million, divided into 250 million shares with a nominal value of SAR 1 each. The stock last traded at SAR 3.38 on Nomu, which also served as its opening price on TASI today.
With the listing of Alwasail Industrial and Nofoth Food Products Co. today, the number of companies that have moved from Nomu to TASI has risen to 21.
As a result, the total number of companies listed on TASI increased to 249, excluding 19 listed REITs, while the number of companies listed on Nomu declined to 124, excluding Alwaha REIT Fund.
Company Profile
Alwasail Industrial was established as a sole proprietorship in 1980 under the name Alwasail Agricultural Establishment in Buraidah. In 2006, it was converted into a closed joint-stock company and renamed Alwasail Industrial Co. The company’s capital was increased to SAR 250 million in June 2013.
The company’s core business is the production of polyethylene pipes, fittings, and accessories used in a wide range of applications, including irrigation networks, water and sewage networks, gas, electricity, and telecommunications pipelines, in addition to various industrial uses. The company also manufactures rubber products, including pipe gaskets, flat sponge thermal insulators and circular rings for pipe insulation.
The company was listed on Nomu on Jan. 18, 2022, offering 2.5 million shares representing 10% of its capital, with the final offer price set at SAR 19 per share.
In November 2023, the company carried out a stock split, reducing the nominal value of each share from SAR 10 to SAR 1.
Alwasail Industrial Transition Details
Item
Upon Listing on Nomu
Upon Listing on TASI
Capital (SAR mln)
250
250
No. of shares (mln)
25
250
Nominal value (SAR)
10
1
Sector
Capital goods
Capital goods
Daily fluctuation limit
30%
10%
Listing price (SAR)
19
3.38
Eligibility
Restricted to qualified investors
Open to any person, entity, or fund—Saudi or foreign—permitted under the Capital Market Law and its implementing regulations to own and trade securities.
Companies that transitioned from the Nomu to TASI
Company
Board approval
Application for transition
Tadawul approval
Listing on TASI
Al Kathiri
Oct 9, 2019
Oct 15, 2019
Oct 28, 2019
Nov 3, 2019
Thob Al Aseel
Oct 6, 2019
Oct 16, 2019
Nov 4, 2019
Nov 10, 2019
Abo Moati
Oct 6, 2019
Oct 16, 2019
Nov 4, 2019
Nov 11, 2019
Raydan
Oct 8, 2019
Oct 29, 2019
Nov 17, 2019
Nov 21, 2019
Baazeem
Oct 7, 2019
Nov 14, 2019
Nov 28, 2019
Dec 4, 2019
Arab Sea
Oct 9, 2019
Mar 17, 2020
Apr 12, 2020
Apr 15, 2020
Al-Omran
Feb 16, 2020
Jun 15, 2020
Jul 15, 2020
Jul 21, 2020
Sadr
Sep 27, 2020
Nov 2, 2020
Dec 3, 2020
Dec 10, 2020
Development Works Food
Sep 12, 2021
Nov 4, 2021
Nov 17, 2021
Nov 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug 20, 2023
Sep 7, 2023
Riyadh Cement
Jun 29, 2022
Jun 18, 2023
Nov 14, 2023
Dec 5, 2023
Burgerizzr
Oct 12, 2023
Jun 13, 2024
Oct 13, 2024
Nov 4, 2024
Banan
Jul 4, 2023
Jun 4, 2024
Nov 18, 2024
Dec 9, 2024
Jahez
Mar 19, 2024
Jul 7, 2024
Nov 18, 2024
Dec 10, 2024
Raoom
Dec 14, 2023
Jun 11, 2024
Jan 6, 2025
Jan 27, 2025
Saudi Azm
Apr 18, 2025
May 27, 2025
Jun 29, 2025
Jul 11, 2025
Obeikan Glass
Dec 27, 2023
May 23, 2025
Jun 29, 2025
Jul 11, 2025
GAS
Jan 2, 2024
Jul 17, 2025
Sep 16, 2025
Oct 9, 2025
CMCER
Jul 9, 2023
Jul 27, 2025
Oct 1, 2025
Oct 22, 2025
Alwasail Industrial
Dec 26, 2023
Dec 15, 2025
Dec 31, 2025
Jan 21, 2026
Nofoth
Jan 12, 2023
Dec 4, 2025
Dec 31, 2025
Jan 21, 2026
The Capital Market Authority (CMA) rules stipulate a number of conditions for companies seeking transfer from Nomu to TASI.These include:
1) Application timing: The request for transition may be submitted only after two years have passed since listing on Nomu.
2) Listing requirements: The company must meet all TASI listing requirements, except market capitalization. The minimum average market capitalization during the six months preceding the application must be SAR 200 million.
3) Disclosure requirement: Before submitting the application, the issuer must disclose its board report to the public, including all information required under the relevant implementing regulations.
4) Board approval: The board of directors must approve the transition and publicly disclose the decision before the start of the next trading session following the approval.
5) Application submission: The issuer must submit the transition request to Tadawul and announce the submission publicly.
Trading of the company’s shares is suspended for no more than five trading sessions until the transition procedures are completed, after which the company’s shares begin trading on the Main Market.
Logo ofAlwasail Industrial Co.
Shares of Alwasail Industrial Co. (symbol: 4148) began trading today, Jan. 21, on the main Tadawul All Share Index (TASI) under the capital goods sector, with a daily price fluctuation limit of ±10%.
Tadawul has approved the company’s transfer from the Nomu-Parallel Market to TASI on Dec. 31, 2025.
Alwasail’s capital stands at SAR 250 million, divided into 250 million shares with a nominal value of SAR 1 each. The stock last traded at SAR 3.38 on Nomu, which also served as its opening price on TASI today.
With the listing of Alwasail Industrial and Nofoth Food Products Co. today, the number of companies that have moved from Nomu to TASI has risen to 21.
As a result, the total number of companies listed on TASI increased to 249, excluding 19 listed REITs, while the number of companies listed on Nomu declined to 124, excluding Alwaha REIT Fund.
Company Profile
Alwasail Industrial was established as a sole proprietorship in 1980 under the name Alwasail Agricultural Establishment in Buraidah. In 2006, it was converted into a closed joint-stock company and renamed Alwasail Industrial Co. The company’s capital was increased to SAR 250 million in June 2013.
The company’s core business is the production of polyethylene pipes, fittings, and accessories used in a wide range of applications, including irrigation networks, water and sewage networks, gas, electricity, and telecommunications pipelines, in addition to various industrial uses. The company also manufactures rubber products, including pipe gaskets, flat sponge thermal insulators and circular rings for pipe insulation.
The company was listed on Nomu on Jan. 18, 2022, offering 2.5 million shares representing 10% of its capital, with the final offer price set at SAR 19 per share.
In November 2023, the company carried out a stock split, reducing the nominal value of each share from SAR 10 to SAR 1.
Alwasail Industrial Transition Details
Item
Upon Listing on Nomu
Upon Listing on TASI
Capital (SAR mln)
250
250
No. of shares (mln)
25
250
Nominal value (SAR)
10
1
Sector
Capital goods
Capital goods
Daily fluctuation limit
30%
10%
Listing price (SAR)
19
3.38
Eligibility
Restricted to qualified investors
Open to any person, entity, or fund—Saudi or foreign—permitted under the Capital Market Law and its implementing regulations to own and trade securities.
Companies that transitioned from the Nomu to TASI
Company
Board approval
Application for transition
Tadawul approval
Listing on TASI
Al Kathiri
Oct 9, 2019
Oct 15, 2019
Oct 28, 2019
Nov 3, 2019
Thob Al Aseel
Oct 6, 2019
Oct 16, 2019
Nov 4, 2019
Nov 10, 2019
Abo Moati
Oct 6, 2019
Oct 16, 2019
Nov 4, 2019
Nov 11, 2019
Raydan
Oct 8, 2019
Oct 29, 2019
Nov 17, 2019
Nov 21, 2019
Baazeem
Oct 7, 2019
Nov 14, 2019
Nov 28, 2019
Dec 4, 2019
Arab Sea
Oct 9, 2019
Mar 17, 2020
Apr 12, 2020
Apr 15, 2020
Al-Omran
Feb 16, 2020
Jun 15, 2020
Jul 15, 2020
Jul 21, 2020
Sadr
Sep 27, 2020
Nov 2, 2020
Dec 3, 2020
Dec 10, 2020
Development Works Food
Sep 12, 2021
Nov 4, 2021
Nov 17, 2021
Nov 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug 20, 2023
Sep 7, 2023
Riyadh Cement
Jun 29, 2022
Jun 18, 2023
Nov 14, 2023
Dec 5, 2023
Burgerizzr
Oct 12, 2023
Jun 13, 2024
Oct 13, 2024
Nov 4, 2024
Banan
Jul 4, 2023
Jun 4, 2024
Nov 18, 2024
Dec 9, 2024
Jahez
Mar 19, 2024
Jul 7, 2024
Nov 18, 2024
Dec 10, 2024
Raoom
Dec 14, 2023
Jun 11, 2024
Jan 6, 2025
Jan 27, 2025
Saudi Azm
Apr 18, 2025
May 27, 2025
Jun 29, 2025
Jul 11, 2025
Obeikan Glass
Dec 27, 2023
May 23, 2025
Jun 29, 2025
Jul 11, 2025
GAS
Jan 2, 2024
Jul 17, 2025
Sep 16, 2025
Oct 9, 2025
CMCER
Jul 9, 2023
Jul 27, 2025
Oct 1, 2025
Oct 22, 2025
Alwasail Industrial
Dec 26, 2023
Dec 15, 2025
Dec 31, 2025
Jan 21, 2026
Nofoth
Jan 12, 2023
Dec 4, 2025
Dec 31, 2025
Jan 21, 2026
The Capital Market Authority (CMA) rules stipulate a number of conditions for companies seeking transfer from Nomu to TASI.These include:
1) Application timing: The request for transition may be submitted only after two years have passed since listing on Nomu.
2) Listing requirements: The company must meet all TASI listing requirements, except market capitalization. The minimum average market capitalization during the six months preceding the application must be SAR 200 million.
3) Disclosure requirement: Before submitting the application, the issuer must disclose its board report to the public, including all information required under the relevant implementing regulations.
4) Board approval: The board of directors must approve the transition and publicly disclose the decision before the start of the next trading session following the approval.
5) Application submission: The issuer must submit the transition request to Tadawul and announce the submission publicly.
Trading of the company’s shares is suspended for no more than five trading sessions until the transition procedures are completed, after which the company’s shares begin trading on the Main Market.
