Logo ofService Equipment Co.
Service Equipment offered 720,000 shares in Nomu, with a coverage ratio of approximately 147%. 
The offering represents 30% of the company’s capital, which stands at SAR 24 million, divided into 2.4 million shares with a nominal value of SAR 10 each.
Service Equipment’s share sale marks the ninth IPO on Nomu so far this year, following listings byShmoh Almadi Co. on Jan 13, ITMAM Consulting Co. on Jan. 23, Twareat Medical Care Co. and Alshehili Co. for Metal Industries on Jan. 29, Basma Adeem Medical Co.(Smile Care) on Feb. 3, Lamasat Co. on Feb. 9,Hedab Alkhaleej Trading Co. on March 5, Ratio Speciality Company for Trading on March 9, and Future Vision for Health Training Co.on April. 27.
Nomu witnessed 30 IPOs in 2024, including three direct listings and 27 listings through offerings to qualified investors.
This listing brings the number of Nomu-listed companies to 114, in addition to Alwaha REIT Fund.
Service Equipment was established as a branch of a sole proprietorship in 1980 and headquartered in Jeddah.
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 electricbikes),as well aswholesale and retail trading of industrial machinery and equipment spareparts. This is in addition toretail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.
Company Profile
Company
Service Equipment Co.
Market
Nomu-Parallel Market
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
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership
(%)
Number of Shares
(‘000)
Ownership
(%)
Ahmed Omar Abu Bakr Balubaid Holding Co.
2,112.00
88.00%
1,478.400
61.60%
Omar Abu Bakr Balubaid Co. Ltd.
288.00
12.00%
201.60
8.40%
Qualified Investors
—
—
720.00
30.00%
Total
2,400.00
100%
2,400.00
100%
Logo ofService Equipment Co.
Service Equipment offered 720,000 shares in Nomu, with a coverage ratio of approximately 147%.
The offering represents 30% of the company’s capital, which stands at SAR 24 million, divided into 2.4 million shares with a nominal value of SAR 10 each.
Service Equipment’s share sale marks the ninth IPO on Nomu so far this year, following listings byShmoh Almadi Co. on Jan 13, ITMAM Consulting Co. on Jan. 23, Twareat Medical Care Co. and Alshehili Co. for Metal Industries on Jan. 29, Basma Adeem Medical Co.(Smile Care) on Feb. 3, Lamasat Co. on Feb. 9,Hedab Alkhaleej Trading Co. on March 5, Ratio Speciality Company for Trading on March 9, and Future Vision for Health Training Co.on April. 27.
Nomu witnessed 30 IPOs in 2024, including three direct listings and 27 listings through offerings to qualified investors.
This listing brings the number of Nomu-listed companies to 114, in addition to Alwaha REIT Fund.
Service Equipment was established as a branch of a sole proprietorship in 1980 and headquartered in Jeddah.
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 electricbikes),as well aswholesale and retail trading of industrial machinery and equipment spareparts. This is in addition toretail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.
Company Profile
Company
Service Equipment Co.
Market
Nomu-Parallel Market
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
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership
(%)
Number of Shares
(‘000)
Ownership
(%)
Ahmed Omar Abu Bakr Balubaid Holding Co.
2,112.00
88.00%
1,478.400
61.60%
Omar Abu Bakr Balubaid Co. Ltd.
288.00
12.00%
201.60
8.40%
Qualified Investors
—
—
720.00
30.00%
Total
2,400.00
100%
2,400.00
100%
