Logo of Bena Steel Industries Co.
Bena Steel Industries Co. issued today, Feb. 1, the prospectus to list 600,000 shares, or 12% of SAR 50 million capital, on Nomu-Parallel Market.
The Capital Market Authority (CMA) approved, in November 2022, the application received from the company to register its shares for direct listing on Nomu.
The offering period will start from Feb. 26 through March 2, it added.
Headquartered in Dammam, Bena was incorporated as a closed joint-stock company. It started operations as a branch in 1992.
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Company Profile |
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Company |
Bena Steel Industries Co. |
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Market |
Nomu-Parallel Market |
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Core activities |
Slitting/shearing steel coils |
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Capital |
SAR 50 mln |
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Total shares |
5 mln |
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IPO Summary |
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Issue percentage |
12% |
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Offered shares |
600,000 |
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Minimum limit |
10 shares |
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Maximum limit |
249,990 shares |
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Subscription period |
From Feb. 26 to March 2, 2023 |
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Final allocation |
March 7, 2023 |
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Refund (if any) |
March 9, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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AlBawardi Group |
4214.0 |
84.28% |
3708.3 |
74.17% |
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Riyadh Sulaiman Al-Kharashi |
249.0 |
4.98% |
219.1 |
4.38% |
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Abdullah Majid Ali Al Majid |
247.0 |
4.94% |
217.4 |
4.35% |
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Abdullah Saad Al-Zaid |
200.0 |
4.00% |
176.0 |
3.52% |
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Khalid Mohammed Al-Nemr |
54.0 |
1.08% |
47.5 |
0.95% |
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Mohammed Khalid AlBawardi |
17.1 |
0.34% |
15.0 |
0.30% |
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Saad Saled Al-Abdullatif |
4.0 |
0.08% |
3.5 |
0.07% |
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Yahia Ali Al-Qahtani |
2.6 |
0.05% |
2.3 |
0.05% |
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Others |
12.3 |
0.25% |
10.9 |
0.21% |
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Qualified investors |
-- |
-- |
600.0 |
12% |
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Total |
5000.0 |
100% |
5000.0 |
100% |
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Additional Information |
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Lead manager and financial advisor |
Yaqeen Capital |
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