Molan Steel Co. issued today the prospectus to list 532,400 shares on Nomu Parallel Market.
This represents 20.02% of Molan Steel’s SAR 23 million capital, which amounts to a total of 2.3 million shares.
The Capital Market Authority (CMA) approved in September 2022, the application received from the company to register and list 532,400 shares, representing 20.02% of its share capital, on Nomu-Parallel Market.
The offering period for qualified investors will run from Nov. 20, till Nov. 22, 2022.
The company's activities are represented in wholesale of metal and iron strips and blocks, wholesale of metal and iron pipes, wholesale of iron tools and locks, wholesale of industrial metal roofs, doors, windows and metalwork.
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Company Profile |
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Company |
Molan Steel Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Wholesale of pipes, ironware and metalwork |
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Capital |
SAR 23 mln |
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IPO Summary |
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Issue Percentage |
20.02% |
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Offered shares |
532,410 shares |
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Minimum limit |
10 shares |
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Maximum limit |
132.99 shares |
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Subscription period |
From Nov. 20, to Nov. 22, 2022 |
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Final Allocation |
Nov. 27, 2022 |
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Refund (if any) |
Nov. 30, 2022 |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Dar Al-Takamol Holding Company |
575.00 |
25.00% |
575.00 |
21.62% |
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Namaa Kalda Trading, Contracting and Real Estate Company |
344.83 |
14.99% |
172.41 |
6.48% |
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Mishaal Ibrahim Suleiman Al-Odhaibi |
137.33 |
5.79% |
137.33 |
5.16% |
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Other shareholders owning less than 5%, excluding the selling shareholder, amounting to 70 shareholders |
1242.84 |
54.04% |
1242.84 |
46.72% |
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QFIs |
-- |
-- |
532.41 |
20.02% |
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Total |
2300.00 |
100% |
2660.00 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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