Abdul Aziz Al-Tuwaijri Trading Company is set to launch their initial public offering (IPO) for one million shares on Saudi Arabia’s Nomu–Parallel Market. This move represents a significant step for the company as it looks to secure funding for its expansion strategy. The IPO, open to qualified investors, will be available for subscription from November 2 to November 9, 2025.
The concluding stages of the subscription process will see the final allocation of shares on November 12, followed by refunds expected by November 16. Once all regulatory and procedural requirements are met, the shares are to begin trading on Nomu. The entire net proceeds from the IPO are earmarked to support the company’s growth plans, reflecting a committed strategy to bolster its market presence.
Approval for the IPO was granted by the Capital Market Authority in June 2025, marking a pivotal moment for Al-Tuwaijri Trading Company. The decision followed an earlier attempt in June 2023 to place 600,000 shares that was ultimately withdrawn due to insufficient subscription coverage. The previously set price range for those shares was SAR 60 to SAR 63, as reported by Argaam.com, an Arabic financial website.
Through this public offering, Abdul Aziz Al-Tuwaijri aims to not only finance its expansion, but also enhance transparency and corporate governance, appealing to a broader base of investors. The move is indicative of a growing trend in Saudi Arabia where companies are seeking public funding avenues to support infrastructure and operational growth, amid an ambitious economic diversification agenda led by Vision 2030.
Nomu–Parallel Market serves as an alternative investment platform in Saudi Arabia, designed to facilitate capital raising for emerging firms keen on growing without undergoing the full listing requirements of the main market. This initiative is part of Saudi efforts to stimulate small and medium enterprises’ (SMEs) expansion and market diversity.
