Mohammed Hassan Al Naqool Sons Co. published the registration form of its direct listing on Nomu Parallel Market, the financial advisor, Falcom Financial Services, said in a bourse statement.
In December 2020, the company received the approval of the Capital Market Authority (CMA) to register shares for direct listing in the parallel market, according to data compiled by Argaam.
Al Naqool was established in early 1977, with SAR 29 million capital, divided into 2.9 million shares.
The company set the price guidance at SAR 21 per share.
Falcom Financial Services was appointed as a financial advisor as regards the registration form of its direct listing on Nomu Parallel Market.
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Shareholders |
||
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Shareholders |
Before Direct Listing |
|
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No. of Shares ('000) |
Ownership (%) |
|
|
Majed Al-Subaey |
377 |
13% |
|
Turki Al-Subaey |
232 |
8% |
|
Nayef Al-Subaey |
203 |
7% |
|
Mufreh Al-Subaey |
174 |
6% |
|
Abdullah Al-Subaey |
145 |
5% |
|
Other shareholders owning less than 5% (59 shareholders) |
1769 |
61% |
|
Total |
2900 |
100% |
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Company Profile |
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Company |
Mohammed Hassan Al Naqool Sons Co |
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Market |
Nomu Parallel Market |
|
Core Activities |
Manufacturing of hollow cement blocks and bricks, as well as ready-mixed concrete |
|
Status |
Active |
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Capital |
SAR 29 mln |
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