Logo of Saudi Call Trading Co.
Saudi Call Trading Co. launches today, June 4, its offering to qualified investors, who will subscribe to 675,000 shares in an initial public offering (IPO) on Nomu-Parallel Market.
The shares offered represent 15% of Saudi Call’s SAR 45 million capital, or 4.5 million shares. The price range was set between SAR 69 and SAR 77 per share.
The subscription period will run until June 11.
With the IPOs of Saudi Call and Al Razi Medical Co., which is also taking place today, offerings on Nomu reach 12 in 2023, following WAJA Co. on Feb. 12, Bena Steel Industries Co. and KnowledgeNet Co. (Feb. 26), Horizon Food Co. (March 5), Ghida Al-Sultan and Foods Gate Co. (March 12), Saudi Lime Industries Co. and Meyar Co. (March 19), AlMuneef Co. For Trade, Industry, Agriculture and Contracting (May 14), and Tam Development Co. (May 21).
Nomu saw 19 IPOs last year, including Gas Arabian Services Co., Raoom Trading Co., Al-Jouf Mineral Water Bottling Co., Arabian International Healthcare Holding Co. (Tibbiyah), Arabian Food & Dairy Factories Co. (FADECO), Ladun Investment Co., Amwaj International Co., Saudi Networkers Services Co. (SNS), International Human Resources Co. (IHR), Naba Alsaha Medical Services Co., Arabian Plastic Industrial Co. (APICO), Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food), Knowledge Tower Trading Co., Molan Steel Co., Saudi Top Trading Co., Leen Alkhair Trading Co., Nofoth Food Products Co. and Alwaha REIT Fund.
The Capital Market Authority (CMA) approved, on March 29, the application submitted by Saudi Call to register and offer 675,000 shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own account, as well as clients of capital market institutions authorized to carry out management operations. This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in the parallel market on behalf of the clients without prior consent.
The categories include the Saudi government, any government body, any international entity approved by the CMA or the Saudi market, or any other financial market recognized by the CMA or the Securities Depository Center (Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a market institution authorized to practice management operations, investment funds, in addition to companies and funds established in the GCC countries.
The investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu, qualified foreign financial institutions, and any legal person entitled to open investment accounts inside the Kingdom and accounts with Edaa.
Natural persons are also among the qualified investors allowed to open investment accounts inside the Kingdom and accounts with Edaa, provided they fulfill certain criteria.
They should have executed transactions in the securities markets worth a total of no less than SAR 40 million, and no less than 10 deals in each quarter during the past 12 months.
Natural persons should also have net assets value of no less than SAR 5 million and be working or have worked for at least three years in the financial sector.
They should hold a general certificate in securities dealing, approved by the CMA and a professional certificate in the field of securities business, approved by an internationally-recognized body.
The list of qualified investors includes any other persons to be defined by the CMA.
Company Info:
Headquartered in Al Khobar, Saudi Call is a Saudi closed joint stock company, established as a sole proprietorship in 2004.
The company, as per its commercial register, specializes in the extension of electrical and communications wires, in addition to the extension of networks, as well as the installation and extension of computer and communications networks. The firm also resells communications services (distributors), provides mobile virtual network operators (MVNO) and infrastructure wholesale services.
The company's current activities are mainly marketing and installing network Internet services represented in optical wires and Wi-Fi (5G).
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Company Profile |
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Company |
Saudi Call Trading Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Extension of electrical wires |
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Capital |
SAR 45 mln |
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IPO Summary |
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Issue Percentage |
15% |
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Offered Shares |
675,000 |
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Minimum Limit |
10 shares |
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Maximum Limit |
225,000 shares |
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Offer Period |
June 4-11, 2023 |
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Final Allocation |
June 18, 2023 |
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Refund (If any) |
June 22, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Abdullah Mohammed Nasser Al-Sheikh Al-Dosari |
2.25 |
50% |
1.91 |
42.5% |
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Mohammed Ibrahim Mohammed Al-Sheikh Al-Dosari |
2.25 |
50% |
1.91 |
42.5% |
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Qualified Investors |
-- |
-- |
0.68 |
15% |
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Total |
4.50 |
100% |
4.50 |
100% |
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Additional Information |
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Financial Advisor |
Marifa Capital |
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Lead Manager |
Al Rajhi Capital |
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