Sign In
×Brief
Company Status: | Listed |
Business Activity: | Consumer finance and financial leasing. |
Current Capital: | 300.00 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: | 8.83 % |
Offer Price (Riyal): | 15.00 |
Issue Volume (M Riyal): | 39.75 |
Premium: | 5.00 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 proceeds, after the offering expenses estimated at ( SAR 7.50 million ), will be distributed on a pro-rata basis to selling shareholders. The company will not receive any share of these proceeds . |
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: | 12/27/2023 |
The minimum & maximum offering price: | 2/4/2024 |
Subscription End Date: | 2/8/2024 |
Allocation Date: | 2/15/2024 |
Distribution Date: | 2/18/2024 |
Listing Date: | 3/7/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
First Resources Real Estate Company | 9.12 | 30.39 % | 152.25 |
Awaed Financial Company | 9.12 | 30.39 % | 152.25 |
Nawaqis Trading Company | 9.12 | 30.39 % | 152.25 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | - |
Financial Advisor: | Riyad Capital |
Legal Advisor: | - |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | Riyad Capital , Alkhair Capital Saudi Arabia |
IPO results
Proceeds: | - |
Subscription Percentage: | 218% |
No. of Subscribers: | - |
Allocation: | 10 shares per individual subscriber & The remaining shares will be allocated on a pro rata . |
Chart - Quara Finance Co.
Related News
Quara Finance to debut on Nomu on March 7Argaam05/03/2024
Quara Finance offer price set at SAR 15; Nomu IPO 218% coveredArgaam18/02/2024
Qualified investors start subscription to Quara Finance’s 2.65M shares today on NomuArgaam Special04/02/2024
Quara Finance issues prospectus to float 2.65M shares on NomuArgaam15/01/2024
CMA OKs Quara Finance 8.83% IPO on NomuArgaam27/12/2023
Call Request