Logo of Meyar Co.
Meyar Co. issued today, Feb. 16, the prospectus to list 265,400 shares, on Nomu-Parallel Market.
This represents 20% of Meyar’s SAR 13.27 million capital, or 1.33 million shares.
The Capital Market Authority (CMA) approved, in December 2022, the application submitted by the company to register and offer 265,400 shares on Nomu.
The offer period will run from March 19-23.
Meyar was established as a closed joint-stock company in November 1999 in Al Majmaah. It is active, as per its articles of association, in practicing contracting and ready-mix concrete activities.
The company's current actual activity, as of the date of this prospectus, is represented in the manufacture of hollow cement blocks and bricks, ready-mixed concrete and precast insulated concrete. This is besides the general construction of residential buildings and non-residential buildings and others.
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Company Profile |
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Company |
Meyar Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of hollow cement blocks and bricks, manufacture of ready-mixed concrete and precast insulated concrete |
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Capital |
SAR 10.62 mln |
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IPO Summary |
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Issue Percentage |
20% |
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Offered Shares |
265,400 |
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Minimum Limit |
10 shares |
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Maximum Limit |
66,340 shares |
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Offer Period |
March 19-23, 2023 |
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Final Allocation |
March 28, 2023 |
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Refund (If any) |
March 30, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Abdulrahman Nasser Mohammed Alturki |
197.46 |
18.60% |
197.46 |
14.88% |
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Khaled Nasser Mohammed Alturki |
186.84 |
17.60% |
186.84 |
14.08% |
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Abdullah Nasser Mohammed Alturki |
197.46 |
18.60% |
197.46 |
14.88% |
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Bader Nasser Mohammed Alturki |
199.58 |
18.80% |
199.58 |
15.04% |
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Saudi Kayan Investment & Real Estate Development Co. Ltd. |
63.70 |
6.00% |
63.70 |
4.80% |
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Himmah Holding |
42.46 |
4.00% |
42.46 |
3.20% |
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Other Shareholders |
174.10 |
16.40% |
174.10 |
13.12% |
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Qualified Investors |
-- |
-- |
265.40 |
20% |
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Total |
1061.60 |
100% |
1327.00 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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