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×Brief
Company Status: | IPO |
Business Activity: | |
Current Capital: | 75.80 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Approved |
Exchange Market: | TASI |
Sector: | Telecom & IT |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 32.26 % |
Offer Price (Riyal): | - |
Issue Volume (M Riyal): | - |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 20.47 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 3.79 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The IPO net proceeds, after deducting the offering expenses estimated at SAR 40.40 million, excluding VAT, will be distributed on a pro-rata basis to the selling shareholders, and the company. The company will use proceeds to expand the group’s current operations and products, market and develop the group’s new products and finance the general purposes of the group. |
Restrictions on Dealing in Shares: | Major shareholders in the Company shall be subject to a look-up period of (6) months starting from the date on which shares of the Company are traded in the market where they may not dispose shares during this period. After the lapse of this period, they may dispose their shares without the need to get a prior consent from the Authority . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/25/2024 |
The minimum & maximum offering price: | 5/29/2024 |
Subscription End Date: | 5/30/2024 |
Allocation Date: | 6/4/2024 |
Distribution Date: | 6/6/2024 |
Listing Date: | - |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Impact Funds Company for Financial Technology | 13.15 | 18.65 % | - |
Theeb Hudayban Ghallab Al-Mutairi | 9.98 | 14.15 % | - |
Muhaidib Ali Muhammad Al-Muhaidib | 8.64 | 12.26 % | - |
Samer Muhammad Raslan | 6.65 | 9.43 % | - |
Muhammad Muhaidib Ali Al-Muhaidib | 4.65 | 6.60 % | - |
Impact Asset Preservation Company for Communications and Information Technology | 4.52 | 6.41 % | - |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Saudi Fransi Capital , Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Saudi Fransi Capital , Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | White & Case LLP |
Auditor: | - |
Receiving Bank: | Al Rajhi Bank, Banque Saudi Fransi |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Rasan Technology Co.
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