AI Summary
Logo of Hawyia Auctions Co.
Hawyia Auctions Co. issued today, May 6, the prospectus to float 2.4 million shares, or 12% of capital, on the Nomu-Parallel Market.
The company’s current capital amounts to SAR 20 million, divided into 20 million shares at a par value of SAR 1 each.
The share sale, which was priced at SAR 13 apiece for qualified investors, will run for four working days from May 26-29.
The Capital Market Authority (CMA) approved, in March, the application received from the company to register its shares for direct listing on Nomu.
Hawyia Auctions was established as a limited liability company in 2019 in Riyadh. It was converted into a closed joint stock company in 2024.
The company's current activity is to provide auction organization and management services, estate settlement, and exclusive real estate marketing.
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Company Profile |
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Company |
Hawyia Auctions Co. |
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Core Activities |
Real estate marketing and auctions management |
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Market |
Nomu-Parallel Market |
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Capital |
SAR 20 mln |
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Number of Shares |
20 mln |
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Nominal Value |
SAR 1 per share |
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IPO Summary |
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Issue Percentage |
12% |
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Offered Shares |
2.4 mln |
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Offer Price |
SAR 13 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
9.99 mln shares |
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Offer Period |
May 26-29, 2025 |
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Final Allocation |
June 2, 2025 |
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Surplus Refund (if any) |
June 4, 2025 |
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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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Alsoliman Real Estate Co. |
10.80 |
54.0% |
9.50 |
47.5% |
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Mohammed Abdullah Al-Olayan* |
4.88 |
24.4% |
4.29 |
21.5% |
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Abdullah Imad Hamad Al-Askar** |
3.92 |
19.6% |
3.45 |
17.3% |
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Mohammed Ibrahim Hamad Al-Tuwaijri*** |
0.40 |
2.0% |
0.35 |
1.8% |
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Qualified investors |
-- |
-- |
2.40 |
12.0% |
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Total |
20.0 |
100% |
20.0 |
100% |
*Chairman Mohammed Al-Olayan holds indirect ownership in the issuer given his 0.22% direct ownership in Alsoliman Real Estate Co. (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.12% of the pre-IPO issued capital and 0.11% of the post-IPO issued capital.
**Vice Chairman Abdullah Al-Askar holds indirect ownership given his 4.18% direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 2.25% of the pre-IPO issued capital and 1.98% of the post-IPO issued capital.
***Shareholder Mohammed Al-Tuwaijri holds indirect ownership in the issuer resulting from his direct direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.06% of the pre-IPO issued capital and 0.05% of the pre-IPO issued capital.
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Additional Information |
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Financial Advisor |
Estidamah Capital |
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Lead Manager |
Derayah Financial |
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Receiving Entities |
Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Al Rajhi Capital, BSF Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital |
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