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×Brief
Company Status: | Listed |
Business Activity: | Recycling steel and scrap. |
Current Capital: | 121.88 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Retail |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 25.03 % |
Offer Price (Riyal): | 18.00 |
Issue Volume (M Riyal): | 43.88 |
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 3.40 million . |
Restrictions on Dealing in Shares: | The Existing Substantial Shareholders who own 5% or more of the Company’s shares may not dispose of any shares during a period of 12 months from the date on which trading of the Offer Shares commences on the Parallel Market ( Restriction Period ). After the said share restriction period has elapsed, the Securities Depository Center will lift the restrictions on those shares directly . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | 12/25/2023 |
The minimum & maximum offering price: | 3/6/2024 |
Subscription End Date: | 3/13/2024 |
Allocation Date: | 3/18/2024 |
Distribution Date: | 3/21/2024 |
Listing Date: | 3/28/2024 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | - |
Financial Advisor: | Miyar Capital Co. |
Legal Advisor: | - |
Auditor: | Al Kharashi & Company Certified Accountants and Auditors |
Receiving Bank: | Alinma Investment Company |
IPO results
Proceeds: | - |
Subscription Percentage: | 109.48% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Taqat Mineral Trading Co.
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