{"id":38389,"date":"2025-01-08T18:11:01","date_gmt":"2025-01-08T15:11:01","guid":{"rendered":"https:\/\/entarabi.com\/?p=38389"},"modified":"2025-01-08T18:11:01","modified_gmt":"2025-01-08T15:11:01","slug":"nice-ones-listing-on-the-saudi-stock-exchange-tadawul-at-sar-35-per-share","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/01\/nice-ones-listing-on-the-saudi-stock-exchange-tadawul-at-sar-35-per-share\/","title":{"rendered":"Nice One&#8217;s Listing on the Saudi Stock Exchange (Tadawul) at SAR 35 per Share"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Nice One<\/strong> has been listed on Tadawul, with trading starting at SAR 35 per share and a daily price fluctuation limit of \u00b130% for the first three days.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Institutional coverage reached 139.4 times, while retail coverage stood at 7.9 times the offered shares.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">The company has been operating in the e-commerce sector for personal care and perfumes since 2017.<\/li>\n<\/ul>\n<p dir=\"ltr\">On Wednesday, January 8, 2025, the shares of Nice One Beauty for E-Marketing begin trading on Tadawul\u2019s main market. The shares are listed under the trading symbol <strong>4193<\/strong> and the international identifier <strong>SA1660HI1GH4<\/strong>, with an offering price of SAR 35 per share.<\/p>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>Price Fluctuation Limits<\/strong><\/span><\/h2>\n<p dir=\"ltr\">For the first three trading days, daily price fluctuation limits are set at \u00b130%, with static price fluctuation limits of \u00b110%. Starting from the fourth trading day, the daily price fluctuation limits will be adjusted to \u00b110%, and the static limits will be removed.<\/p>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>Market Listings<\/strong><\/span><\/h2>\n<p dir=\"ltr\">Nice One\u2019s listing marks the second company to debut on Tadawul in 2025, following Al Mousa Health on January 7. In 2024, the Saudi market saw 13 company listings and one Real Estate Investment Trust (REIT) fund. With Nice One\u2019s inclusion, the total number of companies listed on the Saudi Stock Exchange rises to <strong>229<\/strong>, excluding the 19 REITs currently traded.<\/p>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>IPO Details<\/strong><\/span><\/h2>\n<ul dir=\"ltr\">\n<li>The company offered <strong>34.65 million shares<\/strong>, representing <strong>30%<\/strong> of its capital.<\/li>\n<li><strong>90%<\/strong> of the shares were allocated to institutional investors.<\/li>\n<li><strong>10%<\/strong> was allocated to individual investors.<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>Subscription Coverage<\/strong><\/span><\/h2>\n<ul dir=\"ltr\">\n<li>The retail subscription was oversubscribed <strong>7.9 times<\/strong>, with total bids exceeding SAR 908 million.<\/li>\n<li>The institutional subscription was oversubscribed <strong>139.4 times<\/strong>.<\/li>\n<li>A minimum of <strong>8 shares<\/strong> was allocated to each retail investor included in the subscription. The remaining shares were allocated on a pro-rata basis at <strong>0.5313%<\/strong>.<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>About the Company<\/strong><\/span><\/h2>\n<p dir=\"ltr\">Nice One was founded in 2017 by <strong>Omar Ali Abdulrahman Al-Olayan<\/strong> as a sole proprietorship headquartered in Riyadh. It was converted into a limited liability company in the same year and later became a closed joint-stock company in May 2024. The company launched its application and website after two years of market research and infrastructure development.<\/p>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>Company Activity<\/strong><\/span><\/h2>\n<p dir=\"ltr\">Nice One operates in the e-commerce sector, specializing in personal care products, perfumes, and cosmetics, establishing itself as a key player in Saudi Arabia\u2019s growing e-commerce industry.<\/p>\n<h2 dir=\"ltr\"><span style=\"font-size: 14pt;\"><strong>Reflecting Growth<\/strong><\/span><\/h2>\n<p dir=\"ltr\">The successful IPO and high subscription rates underscore market confidence in Nice One\u2019s strategy and business model, which focuses on innovative solutions in the rapidly expanding Saudi e-commerce market.<\/p>\n<p dir=\"ltr\">\n","protected":false},"excerpt":{"rendered":"<p>Nice One has been listed on Tadawul, with trading starting at SAR 35 per share and a daily price fluctuation limit of \u00b130% for the first three days. Institutional coverage reached 139.4 times, while retail coverage stood at 7.9 times the offered shares. The company has been operating in the e-commerce sector for personal care [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":38390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[],"tags":[6608,6609],"class_list":["post-38389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-nice-one","tag-tadawul"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=38389"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/38390"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=38389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=38389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=38389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}