Logo ofSahat Almajd Trading Co.
Shares ofSahat Almajd Trading Co.began trading on the Nomu-Parallel Market today, Nov. 5, under the symbol 9650 and ISIN Code SA16D03KMP19, with a price of SAR 7 apiece. 
The stock is subject to daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
Sahat Almajd floated 4.38 million shares on Nomu, representing 11.11% of its SAR 35 million capital, divided into 35 million ordinary shares at a par value of SAR 1 each.
The offering was 110.39% oversubscribed.
This is the 24th listing on Nomu in2025, comprising one direct listing and 23 offerings to qualified investors.
Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.
This listing brings the total number of Nomu firms to 123, in addition toAlwaha REIT Fund.
Sahat Almajd was initially established as a sole proprietorship in 2005 in Riyadh. It was later converted into a limited liability company, and eventually into a closed joint-stock firm in 2024.
The company’s current business activities include producing and selling premium chocolates under the “Hanoverian” brand; producing and distributing fresh baked goods and pastries through “Susam”; and serving specialty coffee under the “Jadeel” brand.
The company’s activities also include producing and marketing the “Spark” carbonated beverages; wholesale distribution of various types of chocolate, baked goods, and beverages; wholesale trading of solid fuels, including charcoal and coal; offering and marketing fresh juices and cold beverages within Saudi Arabia.
Company Profile
Company
Sahat Almajd Trading Co.
Market
Nomu
Core Activities
Production and sale of baked goods, pastries, premium chocolates, and more
Pre-IPO Capital
SAR 35 mln
Number of Shares
35 mln
Post-IPO Capital
SAR 39.37 mln
New Number of shares
39.37 mln fully paid-up shares
Nominal Value
SAR 1 per share
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Tawarod Investment Est.
10.68
30.50%
10.68
27.11%
Saleh Mohammed Ibrahim Alhumaidhi
7.92
22.64%
7.92
20.12%
Mohammed Saleh Mohammed Alhumaidhi
2.28
6.50%
2.28
5.78%
Nawaf Saleh Mohammed Alhumaidhi
2.03
5.80%
2.03
5.16%
Badr Saleh Mohammed Alhumaidhi
1.68
4.80%
1.68
4.27%
Mansour Saleh Mohammed Alhumaidhi
1.61
4.60%
1.61
4.09%
Omar Saleh Mohammed Alhumaidhi
1.61
4.60%
1.61
4.09%
Abdulwahid Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Abdulmajid Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Abdulaziz Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Other shareholders (16 shareholder)
2.99
8.56%
2.99
7.59%
New shares to be offered to qualified investors
—
—
4.38
11.11%
Total
35.00
100%
7.94
100%
Logo ofSahat Almajd Trading Co.
Shares ofSahat Almajd Trading Co.began trading on the Nomu-Parallel Market today, Nov. 5, under the symbol 9650 and ISIN Code SA16D03KMP19, with a price of SAR 7 apiece.
The stock is subject to daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
Sahat Almajd floated 4.38 million shares on Nomu, representing 11.11% of its SAR 35 million capital, divided into 35 million ordinary shares at a par value of SAR 1 each.
The offering was 110.39% oversubscribed.
This is the 24th listing on Nomu in2025, comprising one direct listing and 23 offerings to qualified investors.
Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.
This listing brings the total number of Nomu firms to 123, in addition toAlwaha REIT Fund.
Sahat Almajd was initially established as a sole proprietorship in 2005 in Riyadh. It was later converted into a limited liability company, and eventually into a closed joint-stock firm in 2024.
The company’s current business activities include producing and selling premium chocolates under the “Hanoverian” brand; producing and distributing fresh baked goods and pastries through “Susam”; and serving specialty coffee under the “Jadeel” brand.
The company’s activities also include producing and marketing the “Spark” carbonated beverages; wholesale distribution of various types of chocolate, baked goods, and beverages; wholesale trading of solid fuels, including charcoal and coal; offering and marketing fresh juices and cold beverages within Saudi Arabia.
Company Profile
Company
Sahat Almajd Trading Co.
Market
Nomu
Core Activities
Production and sale of baked goods, pastries, premium chocolates, and more
Pre-IPO Capital
SAR 35 mln
Number of Shares
35 mln
Post-IPO Capital
SAR 39.37 mln
New Number of shares
39.37 mln fully paid-up shares
Nominal Value
SAR 1 per share
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Tawarod Investment Est.
10.68
30.50%
10.68
27.11%
Saleh Mohammed Ibrahim Alhumaidhi
7.92
22.64%
7.92
20.12%
Mohammed Saleh Mohammed Alhumaidhi
2.28
6.50%
2.28
5.78%
Nawaf Saleh Mohammed Alhumaidhi
2.03
5.80%
2.03
5.16%
Badr Saleh Mohammed Alhumaidhi
1.68
4.80%
1.68
4.27%
Mansour Saleh Mohammed Alhumaidhi
1.61
4.60%
1.61
4.09%
Omar Saleh Mohammed Alhumaidhi
1.61
4.60%
1.61
4.09%
Abdulwahid Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Abdulmajid Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Abdulaziz Saleh Mohammed Alhumaidhi
1.40
4.00%
1.40
3.56%
Other shareholders (16 shareholder)
2.99
8.56%
2.99
7.59%
New shares to be offered to qualified investors
—
—
4.38
11.11%
Total
35.00
100%
7.94
100%
