Logo ofService Equipment Co.
Service Equipment Co.issued today, March 17, the prospectus for its planned offering of 720,000 shares on the Nomu-Parallel Market. 
The offer shares represent 30% of the company’s total 2.4 million share capital.
The offering period will run from April 13-17.
The Capital Market Authority (CMA) approved the Nomu listing of Service Equipment in December 2024.
The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.
According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric vehicles), wholesale and retail trading of industrial machinery and equipment spare parts, and retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.
Company Profile
Company
Service Equipment Co.
Market
Parallel Market-Nomu
Core Activities
Provision of maintenance equipment, such as car lifts, car wash systems, and fuel station equipment
Capital (Pre- Post-
Offering)
SAR 24 mln
Number of Shares (Pre-
Post- Offering)
2.4 mln
Nominal Value Per Share
SAR 10
Offering Details
Offering Percentage
30 %
Number of Offer Shares
720,000
IPO Minimum Limit
10 shares
IPO Maximum Limit
119,990 shares
Offer Period
April 13-17, 2025
Final Allocation
April 22, 2025
Surplus Refund (if any)
April 24, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Ahmad Omar Abubakr Balubaid
Holding Co.
2,112.00
88.00 %
1,478.400
61.60 %
Omar Abubakr Balubaid Ltd.
288.00
12.00 %
201.60
8.40 %
Qualified Investors
—
—
720.00
30.00 %
Total
2,400.00
100 %
2,400.00
100 %
Additional Information
Financial Advisor Lead Manager
Yaqeen Capital
Receiving Entities
DerayahFinancial, Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital
Logo ofService Equipment Co.
Service Equipment Co.issued today, March 17, the prospectus for its planned offering of 720,000 shares on the Nomu-Parallel Market.
The offer shares represent 30% of the company’s total 2.4 million share capital.
The offering period will run from April 13-17.
The Capital Market Authority (CMA) approved the Nomu listing of Service Equipment in December 2024.
The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.
According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric vehicles), wholesale and retail trading of industrial machinery and equipment spare parts, and retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.
Company Profile
Company
Service Equipment Co.
Market
Parallel Market-Nomu
Core Activities
Provision of maintenance equipment, such as car lifts, car wash systems, and fuel station equipment
Capital (Pre- Post-
Offering)
SAR 24 mln
Number of Shares (Pre-
Post- Offering)
2.4 mln
Nominal Value Per Share
SAR 10
Offering Details
Offering Percentage
30 %
Number of Offer Shares
720,000
IPO Minimum Limit
10 shares
IPO Maximum Limit
119,990 shares
Offer Period
April 13-17, 2025
Final Allocation
April 22, 2025
Surplus Refund (if any)
April 24, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Ahmad Omar Abubakr Balubaid
Holding Co.
2,112.00
88.00 %
1,478.400
61.60 %
Omar Abubakr Balubaid Ltd.
288.00
12.00 %
201.60
8.40 %
Qualified Investors
—
—
720.00
30.00 %
Total
2,400.00
100 %
2,400.00
100 %
Additional Information
Financial Advisor Lead Manager
Yaqeen Capital
Receiving Entities
DerayahFinancial, Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital
