9 Companies That May Join the Saudi Stock Market by the End of May

9 Companies That May Join the Saudi Stock Market by the End of May

9 companies are planning to offer their shares to the public in the Saudi market from Monday until the end of May. Three of them will be on the Main Market, and six will be on the Nomu – Parallel Market. Here’s what we know so far:

Upcoming Share Offerings

United Carton Industries Company

• The company will sell 12 million shares on the Main Market, which is 30% of its total shares. The sale will be open from May 12 to May 13.
• The company makes cardboard boxes and offers printing and packaging services.
• Al Rajhi Capital and Gibson, Dunn & Crutcher are managing the sale.

Axelerated Solutions for Telecommunications and IT

• They will sell 3 million shares on the Nomu – Parallel Market, equal to 10.71% of the company. The sale will run from May 15 to May 21.
• They provide full IT services to keep systems running smoothly.
• Value Capital Company is managing the offering.

Al Kuzama Trading Company

• The company will offer 422,400 shares on the Nomu – Parallel Market, which is 10.7% of its shares. The sale will be from May 18 to May 22.
• They run 10 restaurants in Riyadh and Khobar.
• Yaqeen Capital is managing the sale.

Dome International Investment Co.

• They will sell 850,000 shares on the Nomu – Parallel Market, which is 14.5% of their shares. The sale will be open from May 19 to May 26.
• They own two schools in Riyadh offering both international and local curriculums.
• Derayah Financial Company is managing the offering.

ASAS Makeen Real Estate Development and Investment Company

• The company will offer 1 million shares on the Parallel Market, which is 10% of its total shares. The sale runs from May 19 to May 25.
• Yaqeen Capital is handling the sale.

Anmat Company

• They will sell 5 million shares on the Nomu – Parallel Market, equal to 11.6% of their total shares. The sale will be from May 22 to May 27.
• They offer IT and communication services, including networks, security, data centers, and construction.
• Alinma Capital is managing the sale.

Hawiya Auctions

• The company will offer 2.4 million shares on the Parallel Market, which is 12% of its shares. The sale will be from May 26 to May 29.
• They provide services for real estate marketing, auctions, property management, and legal custody.
• Derayah Financial is managing the sale.

Flynas

• The airline will sell 51,255,568 shares on the Main Market, equal to 30% of its total shares. The offering will be from May 28 to June 1.
• They offer flights within Saudi Arabia and internationally, including cargo and support services.
• BSF Capital is the manager, with Goldman Sachs Saudi Arabia and Morgan Stanley Saudi Arabia as lead underwriters.

Specialized Medical Company

• They will offer 75 million shares on the Main Market, which is 30% of their total shares. The sale will be held from May 28 to May 29.
• They run general and specialized hospitals with a full range of healthcare services.
• SNB Capital is the issue manager, with EFG Hermes KSA also helping manage the sale.

Published: 12th May 2025

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