Logo of Armah Sports Company (Armah Sports)
Armah Sports Company issued today, Oct. 22, the prospectus to list 4.93 million shares on the Nomu-Parallel Market.
The shares offered constitutes 15% of the company’s post-IPO capital, which amounts to SAR 328.59 million and is divided into 32.86 million shares. The offering consists of selling 821,292 existing shares and issuing 4.11 million shares.
The share sale will run from Nov. 9-16 for qualified investors.
The offering will be limited to qualified investors as stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).
Armaah Sports, established in 2019 in Riyadh, is a Saudi closed joint-stock company specializing in overseeing sports facilities and centers for both men and women. Its primary activities include constructing, managing, operating, and maintaining sports clubs.
On July 20, the CMA approved the company’s application to offer its shares on Nomu.
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Company Profile |
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Company |
Armah Sports Co. |
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Market |
Nomu-Parallel Market |
|
Core Activities |
Sports Halls and Centers |
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Capital Pre-IPO |
SAR 287.53 mln |
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Capital Post-IPO |
SAR 328.59 |
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Number of shares |
32.86 mln |
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IPO Summary |
|
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Issue Percentage |
15% of post-IPO capital (17.14% of pre-IPO capital) |
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Offered Shares |
4.93 mln |
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Minimum Limit |
10 shares |
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Maximum Limit |
1,642,957 shares |
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Offer Period |
Nov. 9-16, 2023 |
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Final Allocation |
Nov. 21, 2023 |
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Refund (if any) |
Nov. 23, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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No. of shares (‘000) |
Ownership (%) |
No. of shares (‘000) |
Ownership (%) |
|
|
Jiad United for Real Estate Development Co. |
7.42 |
25.81% |
7.42 |
22.58% |
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Abdulmohsen Ali Mohammed Alhagbani |
4.52 |
15.71% |
4.34 |
13.22% |
|
Nahla Ali Alhagbani |
2.95 |
10.25% |
2.83 |
8.62% |
|
Latifa Alhagbani |
2.42 |
8.42% |
2.33 |
7.08% |
|
Khalid Ali Alhagbani |
1.82 |
6.34% |
1.75 |
5.34% |
|
Fahd Ali Alhagbani |
1.50 |
5.20% |
1.44 |
4.38% |
|
Other shareholders (owning less than 5% of capital) |
8.12 |
28.27% |
7.82 |
23.80% |
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Qualified investors |
-- |
-- |
4.93 |
15.00% |
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Total |
28.75 |
100% |
32.86 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Saudi Fransi Capital (SFC) |
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