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×Brief
Company Status: | Listed |
Business Activity: | Rental and sale of cars and vehicles. |
Current Capital: | 80.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Transportation |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 9.00 % |
Offer Price (Riyal): | 42.00 |
Issue Volume (M Riyal): | 30.24 |
Premium: | 32.00 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 Offering Proceeds amounting to SAR 27.14 million will be distributed, after deducting the Offering expenses estimated at SAR 3.10 million, to the Selling Shareholders according to the number of shares owned by each selling shareholder of the offered shares. The Company will not receive any part of the Offering Proceeds . |
Restrictions on Dealing in Shares: | The Existing Substantial Shareholders who own 5% or more of the Company’s shares may not dispose of any shares during a period of 12 months from the date on which trading of the Offer Shares commences on the Parallel Market ( Restriction Period ). After the said share restriction period has elapsed, the Securities Depository Center will lift the restrictions on those shares directly . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 6/5/2023 |
The minimum & maximum offering price: | 10/1/2023 |
Subscription End Date: | 10/5/2023 |
Allocation Date: | 10/11/2023 |
Distribution Date: | 10/12/2023 |
Listing Date: | 10/24/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Salah Abdulhadi Abdullah Al-Qahtani | 0.94 | 11.81 % | 25.46 |
Abdullah Abdulhadi Abdullah Al-Qahtani | 0.94 | 11.81 % | 25.46 |
Tariq Abdulhadi Abdullah Al-Qahtani | 0.94 | 11.81 % | 25.46 |
Haifa Saleh Hamad Al-Sugair | 0.47 | 5.91 % | 12.74 |
Duha Abdulhadi Abdullah Al-Qahtani | 0.47 | 5.91 % | 12.74 |
Mai Abdulhadi Abdullah Al-Qahtani | 0.47 | 5.91 % | 12.74 |
Shams Abdul Hadi Abdullah Al-Qahtani | 0.47 | 5.91 % | 12.74 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | - |
Financial Advisor: | Aldukheil Financial Group |
Legal Advisor: | - |
Auditor: | KPMG Consulting Co. |
Receiving Bank: | Alinma Investment Company |
IPO results
Proceeds: | - |
Subscription Percentage: | 145% |
No. of Subscribers: | - |
Allocation: | 10 shares per individual subscriber & The remaining shares will be allocated on a pro rata . |
Chart - Riyal Investment and Development Co.
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