Al-Kathiri Holding Co. will launch today its initial public offering (IPO) on Nomu Parallel Market to sell 26.1 percent of capital, or 819,000 shares to qualified investors, FALCOM Financial Services (Falcom) said in a statement.
Al-Kathiri’s IPO is Nomu’s ninth since its launch in February, and it will run till June 6, 2017.
According to the company’s prospectus, the minimum share limit is 10 shares and the maximum is 156,965 shares. The allotment date is June 8, 2017.
The company has named Banque Saudi Fransi as the receiving bank. Its main bankers are National Commercial Bank, Riyad Bank and Al-Rajhi Bank.
The company, which is capitalized at SAR 27.3 million, is engaged in the field of contracting, wholesale and retail sale of building materials.
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IPO Details |
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26.1% of capital |
IPO percentage |
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819,000 |
No. of shares offered |
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Qualified investors as defined by CMA |
Subscriber eligibility |
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10 shares |
Minimum limit |
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156,965 shares |
Maximum limit |
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May 30, 2017-June 6, 2017 |
IPO period |
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June 8, 2017 |
Allotment date |
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June 12, 2017 |
Re-underwriting Date |
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