The retail offering will run from July 14 to July 18.
The IPO targets two tranches:
Institutional investors: Including all categories of investors entitled to participate in the book-building process. The company will offer 100 percent (12 million shares) of total offering size to institutional investors, subject to a scaleback to 90 percent (10.80 million shares).
Retail investors: Including Saudi and GCC individual investors. Up to 10% of the offering size (1.20 million shares) will be allocated to individuals.
National Advanced Ebdaa Trading Co. owns a 38 percent stake in Ataa.
Number of shares before IPO (mln)
Number of shares after IPO (mln)
National Advanced Ebdaa Trading Co.
RZM Investment Co.
Ahmed bin Nasser Al Mutab
Ataa Educational Co.
Establishing, owning and operating national and international schools
SAR 400 mln
Number of shares offered for retail investors
A maximum of 1.2 mln ordinary shares representing 10% of IPO shares
To be determined
IPO size for retail investors
Saudis and GCC retail investors
IPO minimum for retail investors
IPO maximum for retail investors
IPO minimum for institutional investors
IPO maximum for institutional investors
1.999 mln shares
IPO period for retail investors
From Sunday July 14 until Thursday July 18
July 25, 2019
July 25, 2019
Financial advisor, lead manager, underwriter
NCB, Al Rajhi, Riyad, SABB
Ataa Educational reported a year-on-year (YoY) drop in net profit to SAR 33.28 million (SAR 0.83 EPS) for the six-month period ending on Jan. 31, 2019, compared to SAR 40.96 million a year earlier.
Annual revenue declined 1 percent YoY to SAR 157.9 million.
The ISO 9001 certified educational firm was established in 1992, and has been operating in the public education sector for 30 years, since the establishment of its first school in Riyadh in 1989.
The firm has been instrumental in the acquisition of several educational complexes in Riyadh, and currently runs 13 educational campuses. It also holds the AdvancedED academic accreditation.