Logo of Yaqeen Capital Co.
Yaqeen Capital published today, April 4, its prospectus to sell three million shares on the Nomu-Parallel Market.
The shares on offer represent 20% of the company’s SAR 150 million capital that is divided into 15 million shares.
The offering will run from May 5-12.
The share sale will be limited to qualified investors.
Yaqeen Capital was established in 2006 as a closed joint stock company named Falcom Financial Services.
Yaqeen Capital operates in the activities of securities brokerage services, investment banking, assets and portfolio management and research.
The Capital Market Authority (CMA) approved on March 18 Yaqeen Capital’s request to list and float three million shares on Nomu, Argaam earlier reported.
IPO Highlights:
|
Company Profile |
|
|
Company |
Yaqeen Capital |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Asset Management and Brokerage Services |
|
Capital |
SAR 150 mln |
|
Number of Shares |
15 mln |
|
IPO Summary |
|
|
Issue Percentage |
20% |
|
Number of Shares Offered |
0.3 mln |
|
IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
749,990 shares |
|
Offering Period |
May 5-12 |
|
Final Allocation |
May 15, 2024 |
|
Surplus Refund (If any) |
May 21, 2024 |
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Company Shareholders |
||||
|
Shareholders |
Pre-IPO |
Post-IPO |
||
|
Number of shares (mln shares) |
Ownership (%) |
Number of shares (mln shares) |
Ownership (%) |
|
|
Falcom Holding |
9.0 |
60.0% |
6.0 |
40.0% |
|
Falcom Yaqeen Capital |
6.0 |
40.0% |
6.0 |
40.0% |
|
The Public (Qualified Investors) |
-- |
-- |
3.0 |
20.0% |
|
Total |
15.0 |
100% |
15.0 |
100% |
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Additional Information |
|
|
Financial Advisor & Lead Manager |
Alinma Investment |
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