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×Brief
Company Status: | Listed |
Business Activity: | Construction of plants and main lines for water distribution, as well as electrical wiring and building finishing |
Current Capital: | 158.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 5.26 % |
Offer Price (Riyal): | 9.00 |
Issue Volume (M Riyal): | 71.10 |
Premium: | 8.00 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 net proceeds, after offering expenses SAR ( 3.40 ) million, will be distributed on a pro-rata basis to selling shareholders. The company will not receive any share of these 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. Major shareholders may dispose of their shares after the lock-up period without obtaining a prior approval from CMA . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | 12/1/2021 |
The minimum & maximum offering price: | 1/23/2022 |
Subscription End Date: | 1/27/2022 |
Allocation Date: | 2/1/2022 |
Distribution Date: | 2/3/2022 |
Listing Date: | 2/7/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Ajyal Al Mustaqbal Ltd | 19.62 | 12.42 % | 195.65 |
GAS Al Khaleej for Trading and Contracting Co. | 19.43 | 12.30 % | 193.76 |
GAS Asia for Trading and Contracting Co. | 19.43 | 12.30 % | 193.76 |
Afaq Al Mustaqbal for Operation and Maintenance Co. | 19.43 | 12.30 % | 193.76 |
Future Cooperation Co. Ltd. | 17.24 | 10.91 % | 171.86 |
Advisors
Lead Manager: | Falcom Financial Services |
Underwriter: | - |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | - |
Auditor: | BDO Dr. Mohamed Al-Amri & Co., Ernst & Young Professional Services Co |
Receiving Bank: | - |
IPO results
Proceeds: | - |
Subscription Percentage: | 4758% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Gas Arabian Services Co.
Related News
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GAS Arabian Services IPO price set at SAR 90/share Argaam30/01/2022
Qualified investors start subscription to Gas Arabian Services' 790,000 shares today Argaam Special23/01/2022
Gas Arabian Services sets price range for IPOArgaam20/01/2022
Gas Arabian Services plans to float 5% stake on Nomu: Falcom Argaam30/12/2021
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