Logo ofRaoom Trading Co.
Raoom Trading Co. will list and start trading on the Main Market (TASI) today, Jan. 27, under the symbol 4144 in the real estate management and development sector. 
The stock will have a 10% daily price fluctuation limit.
On Jan. 6, the Saudi Exchange (Tadawul) approved Raoom’s application to transition from the Nomu-Parallel Market to TASI, with SAR 62.5 million in capital, divided into 6.25 million shares, at a par value of SAR 10 a share.
The stock’s last price on Nomu was SAR 193, which will be its opening price on TASI.
Raoom will bring the number of TASI-listed companies to 230, excluding 19 REITs. The number of companies listed on Nomu would drop to 106, excluding Alwaha REIT Fund.
Company Profile:
Raoom, established in 1992 as a closed Saudi joint-stock company, has its headquarters in Buraidah. The company’s activities, as listed in its commercial registry, include the trade of glass, mirrors, aluminum decorations, and their installation.
Additionally, the company is engaged in various activities such as manufacturing, construction, transport, storage, and refrigeration. It also provides financial, business, and other services, alongside social, community, and personal services. Other areas of activity include trade, information technology, security, safety, agriculture, fishing, as well as mining, oil, and related sectors, and electricity, gas, and water services.
Raoom listed on Nomu on Jan. 5, 2022, offering one million shares, representing 20% of its capital, with the final offering price set at SAR 80 per share. During the listing process, the company increased its capital on Aug. 7, 2022, from SAR 50 million to SAR 62.5 million through the distribution of bonus shares.
Transition Details
Item
Nomu
TASI
Capital (SAR mln)
50.0
62.5
Number of shares (mln)
5.0
6.25
Nominal value
10
10
Sector
Capital goods
Capital goods
Daily fluctuation limit
30%
10%
Listing price (SAR)
80.00
193.00
Eligible traders
Qualified investors
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities
The following table details companies that have transitioned from Nomu to TASI:
Details of Companies’ Transition to Main Market
Company
Board Approval
Transfer Application
Official Approval
Listing Shares 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
March 17, 2020
April 12, 2020
April 15, 2020
Al-Omran
Feb. 16, 2020
June 15, 2020
July 15, 2020
July 21, 2020
Sadr
Sept. 27, 2020
Nov. 2, 2020
Dec. 3, 2020
Dec. 10, 2020
Development Works Food
Sept. 12, 2021
Nov. 4, 2021
Nov. 17, 2021
Nov. 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug. 20, 2023
Sept. 7, 2023
Riyadh Cement
June 29, 2022
June 18, 2023
Nov. 14, 2023
Dec. 5, 2023
Burgerizzr
Oct. 12, 2023
June 13, 2024
Oct. 13, 2024
Nov. 4, 2024
Banan
July 4, 2023
June 4, 2024
Nov. 18, 2024
Dec. 9, 2024
Jahez
March 19, 2024
July 7, 2024
Nov. 18, 2024
Dec. 10, 2024
Raoom
Dec. 14, 2023
June 11, 2024
Jan. 6, 2025
Jan. 27, 2025
Under the amended listing regulations issued by the CMA, companies planning to transfer from Nomu to TASI are obliged of the following:
1)Firms may only apply to transfer to the Main Market after two calendar years from listing onNomu.
2)The average aggregate market value of the transferred shares must be at least SAR 200million inthe six-month period prior to the submission of application.
3)An issuer must disclose to the public the board report that includes all relatedinformation, before submitting the application.
4)Submitting the board of directors’ approval on the transfer before the beginning of the trading session that follows the approval.
5)The issuer must disclose the transfer to the public upon submitting the apgplication.
Trading on the issuer’s shares will be suspended for a period not exceedin five tradingsessions beforedebuting on the Main Market.
Logo ofRaoom Trading Co.
Raoom Trading Co. will list and start trading on the Main Market (TASI) today, Jan. 27, under the symbol 4144 in the real estate management and development sector.
The stock will have a 10% daily price fluctuation limit.
On Jan. 6, the Saudi Exchange (Tadawul) approved Raoom’s application to transition from the Nomu-Parallel Market to TASI, with SAR 62.5 million in capital, divided into 6.25 million shares, at a par value of SAR 10 a share.
The stock’s last price on Nomu was SAR 193, which will be its opening price on TASI.
Raoom will bring the number of TASI-listed companies to 230, excluding 19 REITs. The number of companies listed on Nomu would drop to 106, excluding Alwaha REIT Fund.
Company Profile:
Raoom, established in 1992 as a closed Saudi joint-stock company, has its headquarters in Buraidah. The company’s activities, as listed in its commercial registry, include the trade of glass, mirrors, aluminum decorations, and their installation.
Additionally, the company is engaged in various activities such as manufacturing, construction, transport, storage, and refrigeration. It also provides financial, business, and other services, alongside social, community, and personal services. Other areas of activity include trade, information technology, security, safety, agriculture, fishing, as well as mining, oil, and related sectors, and electricity, gas, and water services.
Raoom listed on Nomu on Jan. 5, 2022, offering one million shares, representing 20% of its capital, with the final offering price set at SAR 80 per share. During the listing process, the company increased its capital on Aug. 7, 2022, from SAR 50 million to SAR 62.5 million through the distribution of bonus shares.
Transition Details
Item
Nomu
TASI
Capital (SAR mln)
50.0
62.5
Number of shares (mln)
5.0
6.25
Nominal value
10
10
Sector
Capital goods
Capital goods
Daily fluctuation limit
30%
10%
Listing price (SAR)
80.00
193.00
Eligible traders
Qualified investors
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities
The following table details companies that have transitioned from Nomu to TASI:
Details of Companies’ Transition to Main Market
Company
Board Approval
Transfer Application
Official Approval
Listing Shares 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
March 17, 2020
April 12, 2020
April 15, 2020
Al-Omran
Feb. 16, 2020
June 15, 2020
July 15, 2020
July 21, 2020
Sadr
Sept. 27, 2020
Nov. 2, 2020
Dec. 3, 2020
Dec. 10, 2020
Development Works Food
Sept. 12, 2021
Nov. 4, 2021
Nov. 17, 2021
Nov. 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug. 20, 2023
Sept. 7, 2023
Riyadh Cement
June 29, 2022
June 18, 2023
Nov. 14, 2023
Dec. 5, 2023
Burgerizzr
Oct. 12, 2023
June 13, 2024
Oct. 13, 2024
Nov. 4, 2024
Banan
July 4, 2023
June 4, 2024
Nov. 18, 2024
Dec. 9, 2024
Jahez
March 19, 2024
July 7, 2024
Nov. 18, 2024
Dec. 10, 2024
Raoom
Dec. 14, 2023
June 11, 2024
Jan. 6, 2025
Jan. 27, 2025
Under the amended listing regulations issued by the CMA, companies planning to transfer from Nomu to TASI are obliged of the following:
1)Firms may only apply to transfer to the Main Market after two calendar years from listing onNomu.
2)The average aggregate market value of the transferred shares must be at least SAR 200million inthe six-month period prior to the submission of application.
3)An issuer must disclose to the public the board report that includes all relatedinformation, before submitting the application.
4)Submitting the board of directors’ approval on the transfer before the beginning of the trading session that follows the approval.
5)The issuer must disclose the transfer to the public upon submitting the apgplication.
Trading on the issuer’s shares will be suspended for a period not exceedin five tradingsessions beforedebuting on the Main Market.
