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Company Status: | Listed |
Business Activity: | Providing advisory services, project management, and technical solutions management.Providing advisory services, project management, and technical solutions management. |
Current Capital: | 36.60 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: | 16.12 % |
Offer Price (Riyal): | 130.00 |
Issue Volume (M Riyal): | 76.13 |
Premium: | 120.00 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 3.50 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: | The Existing Substantial Shareholders 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: | 12/29/2022 |
The minimum & maximum offering price: | 5/21/2023 |
Subscription End Date: | 5/25/2023 |
Allocation Date: | 5/30/2023 |
Distribution Date: | 6/1/2023 |
Listing Date: | 6/14/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdullah Anwar Muhammad Yusuf Andjani | 0.73 | 20.01 % | 164.74 |
Ain Development Investment Co. | 0.60 | 16.51 % | 135.92 |
Salem Salah Salem Bamakhrama | 0.43 | 11.76 % | 96.82 |
Maalem Al Masah Real Estate Co. | 0.42 | 11.49 % | 94.59 |
TAM DEVELOPMENT Co. | 0.37 | 10.00 % | 82.33 |
Faisal Business Co. | 0.27 | 7.40 % | 60.92 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | - |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | - |
Auditor: | KPMG Consulting Co. |
Receiving Bank: | Yaqeen Financial Company |
IPO results
Proceeds: | - |
Subscription Percentage: | 140.70% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Tam Development Co.
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