Logo of Riyadh Cables Group Co.
Riyadh Cables Group Companies will begin trading on the Saudi Exchange (Tadawul) today, Dec. 19, under the capital goods sector, with the symbol 4142 and ISIN Code SA15LGLI0N19.
The daily and static price fluctuation limits of +/-30% and +/-10%, respectively, will apply during the first three days of the listing.
From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10% and the static price fluctuation limits will no longer apply.
This will be the 15th listing on the main market in 2022, following Elm Co., East Pipes Integrated Company for Industry, Scientific & Medical Equipment House Co., Al-Dawaa Medical Services Co., Nahdi Medical Company, Al Masane Al Kobra Mining Co. (AMAK), Saudi Home Loans Co., Retal Urban Development Co., Alamar Foods and Arabian Drilling Co., Naqi Water, Perfect Presentation and Americana Restaurants.
Last year witnessed nine listings, including Alkhorayef Water and Power Technologies Co. (March 1), Theeb Rent a Car Co. (March 29), Tanmiah Food Co. (Aug. 4), solutions (Sept. 30), International Company for Power and Water Projects (ACWA Power) (Oct. 11), Arabian Contracting Services Co. (Al Arabia) (Nov. 15), Nayifat Finance Co. (Nov. 22), Saudi Tadawul Group (Dec. 8) and Almunajem Foods Co. (Dec. 20).
The listing will bring the total number of Tadawul-listed companies to 204, in addition to 17 REITs.
The company offered 33 million shares, or 22% of its capital, on the main market, at SAR 43 per share, of which 90% was allocated to the participating parties and 10% to individual investors, according to data available with Argaam.
The retail subscription was 671.5% covered, while participating parties IPO was 71.8x subscribed.
Each retail investor received a minimum of eight shares, while the remaining shares were allocated pro rata, based on the demand size of every subscriber to total shares.
Company’s profile
Riyadh Cables was established as a limited liability company in 1984 in Riyadh and then transformed into a closed joint stock company in 2014.
The company's current capital stands at SAR 1.5 billion, divided into 150 million shares.
The company's main activities include production, marketing and sale of cables, electrical wires, aerial connectors and optical fibers, in addition to the work of electrical contracting projects for high voltage cables.
The group has 18 branches in Saudi Arabia engaged in sale and storage of products, all of which are subsidiaries of REW.
Meanwhile, the group has five branches outside the Kingdom, which sell and store the group’s products. Four of these are affiliated to RCM, divided into one branch in Kuwait and three branches in the United Arab Emirates. In addition, the group has one branch affiliated to the Riyadh Cables Co. in the United Arab Emirates (UAE).
The group carries out its manufacturing business through fully owned 15 plants, including 13 in Saudi Arabia, one in Sharjah (UAE), and one in Iraq.
Out of the 15 plants, nine are dedicated to the manufacture of cables, electric wires of all kinds, and communication cables of both types made of copper and optic fibers.
Six other support plants operate to produce raw materials used in the manufacture of cables.
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Company Profile |
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Company |
Riyadh Cables Group Co. |
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Market |
Saudi Exchange (Tadawul) |
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Core Activities |
Produces, sells and promotes all types of low, medium and high-pressure cables, wires, pneumatic conductors and optic fibers |
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Capital |
SAR 1.5 bln |
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Number of Shares |
150 mln |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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Abdulkader Al-Muhaideb and Sons Co. |
46.13 |
30.75 % |
35.98 |
23.99% |
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Hikmat Sadidddin Abdulhamid Al-Zaim |
43.13 |
28.75 % |
33.64 |
22.43% |
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Ahmed Samer Hamdi Sadidddin Al-Zaim |
17.92 |
11.95 % |
13.98 |
9.32% |
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Alma Company Limited |
17.90 |
11.93 % |
13.96 |
9.31% |
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Mohammed Hikmat Sadidddin Al-Zaim |
7.50 |
5.00 % |
5.85 |
3.90% |
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Rana Sadidddin Al-Zaim |
5.18 |
3.45 % |
4.04 |
2.69% |
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Lena Sadidddin Al-Zaim |
5.18 |
3.45 % |
4.04 |
2.69% |
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Ehsan Al-Zaim |
4.45 |
2.97 % |
3.47 |
2.31% |
Khidr Ibrahim |
1.50 |
1.00 % |
1.17 |
0.78% |
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Mohamed Assaleem |
1.13 |
0.75 % |
0.88 |
0.59% |
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Public |
-- |
30.75 % |
33.00 |
22.00% |
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Total |
150.00 |
28.75 % |
150.00 |
100% |
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