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×Brief
Company Status: | Listed |
Business Activity: | Dealing in securities, investment management and fund operation. |
Current Capital: | 81.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Services |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 25.00 % |
Offer Price (Riyal): | 45.00 |
Issue Volume (M Riyal): | 67.50 |
Premium: | 35.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | The qualified investor categories stipulated in the glossary of terms used in the regulations and rules of the Capital Market Authority (CMA) . |
Use of Proceeds: | The IPO proceeds will be used to increase the company’s capital, and within shareholders’ equity as share premium. Shareholders will not receive any portion of the net proceeds . |
Restrictions on Dealing in Shares: | Major shareholders will be subject to a 12-month lock-up period, during which they will be banned from disposing of their shares, starting from the listing date on Nomu-Parallel Market. They may dispose of their shares after the lock-up period without obtaining a prior approval from CMA. After the offering, 60% of the company’s shares will be subject to an additional 12-month lock-up period (a total of 24 months), and the CMA's prior approval should be obtained before disposing of these shares after the lock-up period . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | 6/21/2023 |
The minimum & maximum offering price: | 10/15/2023 |
Subscription End Date: | 10/19/2023 |
Allocation Date: | 10/24/2023 |
Distribution Date: | 10/26/2023 |
Listing Date: | 11/7/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Bishr Muhammad Burhan al-Din Yassin Bakhit | 1.00 | 16.59 % | 45.79 |
Abdul Rahman Yahya Abdullah Al Yahya | 0.60 | 10.06 % | 27.77 |
Saleh Mohammed Saleh Al-Hajjaj | 0.56 | 9.25 % | 25.53 |
Osool and Bakhit Investment Company | 0.44 | 7.40 % | 20.42 |
Advisors
Lead Manager: | SICO Financial Corporation |
Underwriter: | - |
Financial Advisor: | Amwal Financial Corporation |
Legal Advisor: | Al Saleh & Al Sahli Law Firm |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. |
Receiving Bank: | SICO Financial Corporation |
IPO results
Proceeds: | - |
Subscription Percentage: | 305% |
No. of Subscribers: | - |
Allocation: | 10 shares per subscriber & The remaining shares will be allocated on a pro rata . |
Chart - Osool and Bakheet Investment Co.
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