Service Equipment to Launch 30% IPO in April

Deal News | Mar 19, 2025 | Zawya

Saudi Arabia's Service Equipment Company plans to proceed with its initial public offering, listing 30% of its shares on the Parallel Market Nomu. The company, which specializes in providing supplies and maintenance equipment to automotive garages and fuel stations, is set to offer 720,000 ordinary shares between April 13 and 17, 2024. The IPO will be managed by Yaqeen Capital, which serves as the financial advisor for the offering. Service Equipment, headquartered in Jeddah and established in 1980, has a paid-in capital of SAR 24 million ($6.4 million). The Saudi Exchange granted approval for the IPO last December, and the offering will be limited to qualified investors.

Sectors

Automotive Supplies and Equipment
Financial Services and Investment Banking

Geography

Saudi Arabia – The company and its IPO activities are based in Saudi Arabia, making it the primary geographical focus of the article.

Industry

Automotive Supplies and Equipment – The target company, Service Equipment, specializes in providing supplies and maintenance equipment to automotive garages and workshops, placing it firmly within this industry.
Financial Services and Investment Banking – Yaqeen Capital, acting as the financial advisor for the IPO, represents this industry classification.

Financials

30% – Percentage of shares to be offered in the IPO.
720,000 – The number of ordinary shares being offered in the IPO.
SAR 24 million ($6.4 million) – The paid-in capital of Service Equipment when it was established.

Participants

Name	Role	Type	Description
Service Equipment Company	Target Company	Company	A Jeddah-based company specializing in the supply of maintenance equipment and accessories to automotive garages and fuel stations.
Yaqeen Capital	Financial Advisor	Company	The financial advisory firm assisting Service Equipment in its IPO process.
Saudi Exchange	Regulatory Body	Government	The governing stock exchange body that approved Service Equipment's IPO.