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×Brief
Company Status: | Listed |
Business Activity: | Owning and renting lands, establishing and operating private schools. |
Current Capital: | 80.00 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: | 23.88 % |
Offer Price (Riyal): | 18.00 |
Issue Volume (M Riyal): | 28.80 |
Premium: | 8.00 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 company intends to use the net proceeds of the offering to finance its expansion plan after deducting the offering expenses amounting to about SAR 2.7 million . |
Restrictions on Dealing in Shares: | Major shareholders will be subject to a 12-month lock-up period, during which they will be banned from disposing of their shares starting from the listing date on Nomu-Parallel Market. Major shareholders may dispose of their shares after the lock-up period without obtaining a prior approval from CMA . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | 12/20/2023 |
The minimum & maximum offering price: | 2/28/2024 |
Subscription End Date: | 3/7/2024 |
Allocation Date: | 3/12/2024 |
Distribution Date: | 3/14/2024 |
Listing Date: | 3/26/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdullah bin Saleh bin Ibrahim Al-Muhaimid | 2.44 | 30.53 % | 48.51 |
Haila Muhammad Abdullah Al-Muhaimid | 0.56 | 7.00 % | 11.12 |
Muhammad bin Saleh bin Ibrahim Al-Muhaimid | 0.52 | 6.53 % | 10.37 |
Salah bin Saleh bin Ibrahim Al-Muhaimid | 0.52 | 6.53 % | 10.37 |
Ahmed bin Saleh bin Ibrahim Al-Muhaimid | 0.52 | 6.53 % | 10.37 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | - |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | - |
Auditor: | United Accountants Professional Consulting Company |
Receiving Bank: | Yaqeen Financial Company |
IPO results
Proceeds: | - |
Subscription Percentage: | 324.09% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Al Mohafaza Company for Education
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Al Mohafaza for Education shares to debut on Nomu on March 26Argaam24/03/2024
Al Mohafaza for Education final offer price set at SAR 18/shareArgaam12/03/2024
CMA OKs Al Mohafaza for Education's 20% IPO on NomuArgaam20/12/2023
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