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×Brief
Company Status: | Listed |
Business Activity: | The company owns and operates gymnasiums and sports centers. |
Current Capital: | 328.59 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Services |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 17.15 % |
Offer Price (Riyal): | 28.00 |
Issue Volume (M Riyal): | 137.98 |
Premium: | 18.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | The qualified investor categories stipulated in the glossary of terms used in the regulations and rules of the Capital Market Authority (CMA) . |
Use of Proceeds: | The Net Offering Proceeds amounting to approximately SAR 124.78 million (after deducting the Offering expenses estimated (SAR 13.20 million). The proceeds of the Offering will be distributed as follows: 1_ the amount of (SAR 20.80 million) will be distributed to the Selling Shareholders on a pro rata basis based on the percentage of their respective ownership in the Sale Shares sold during the offering process; 2_ the amount of (SAR 103,986,556) will be distributed to the Company to be used to achieve its overall objectives . |
Restrictions on Dealing in Shares: | The current Substantial Shareholders, who own 5.0 per cent. or more of the Company’s Shares, must not dispose of their Shares for a period of 12 months from the date trading of the Company’s, Shares commences on the Parallel Market (the “Lock-up Period”). The Substantial Shareholders also undertake to commit to an additional Lock-up Period of 12 months commencing from the date of the expiry of the statutory Lock-up Period, the Depository Center shall immediately lift the restrictions on these Shares after the additional Lock-up Period ends, They may dispose of their Shares after the end of this period without obtaining the prior approval of the CMA . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 6/20/2023 |
The minimum & maximum offering price: | 11/9/2023 |
Subscription End Date: | 11/16/2023 |
Allocation Date: | 11/21/2023 |
Distribution Date: | 11/23/2023 |
Listing Date: | 11/30/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Giad United Development Company | 7.42 | 22.58 % | 353.92 |
Abdul Mohsen Ali Muhammad Al-Haqbani | 4.34 | 13.22 % | 207.21 |
Nahla Ali Muhammad Al-Haqbani | 2.83 | 8.62 % | 135.11 |
Latifa Muhammad Saleh Al-Haqbani | 2.33 | 7.08 % | 110.97 |
Khaled Ali Muhammad Al-Haqbani | 1.75 | 5.34 % | 83.70 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | - |
Financial Advisor: | Saudi Fransi Capital |
Legal Advisor: | Al Sallum and Al Toaimi Low Firm |
Auditor: | Baker Tilly Co. |
Receiving Bank: | - |
IPO results
Proceeds: | - |
Subscription Percentage: | 404% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Armah Sports Co.
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Qualified investors start subscription to 4.93 mln Armah Sports shares on NomuArgaam Special09/11/2023
Armah Sports issues prospectus to float 4.9 mln shares on NomuArgaam22/10/2023
CMA OKs Armah Sports 15% IPO on NomuArgaam22/06/2023
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