Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange’s parallel market, on Monday, according to a bourse statement.
The registration document for direct listing of 3 million shares was released on Jan. 23, setting the price guidance per share at SR49 ($13).
The Riyadh-based company received the Saudi stock market regulator’s approval for listing last year, in late December.
Established in 1988, Saudi Parts Center is an affiliate of AlKhorayef Group, operating under the machinery systems division.