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×Brief
Company Status: | Listed |
Business Activity: | Manufacture of gypsum boards, gypsum powder, cement boards and false ceilings. |
Current Capital: | 140.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | NOMU |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 12.50 % |
Offer Price (Riyal): | 34.00 |
Issue Volume (M Riyal): | 59.50 |
Premium: | 24.00 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 the offering expenses estimated at ( SAR 2.40 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: | 6/20/2023 |
The minimum & maximum offering price: | 9/26/2023 |
Subscription End Date: | 10/2/2023 |
Allocation Date: | 10/5/2023 |
Distribution Date: | 10/9/2023 |
Listing Date: | 10/22/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Rashid Development Company Limited | 3.36 | 24.00 % | 85.51 |
Abdulqader Al Muhaidib & Sons Co. | 2.79 | 19.90 % | 70.90 |
Al-Mojil Trading and Contracting Company | 2.70 | 19.32 % | 68.84 |
Advisors
Lead Manager: | Alkhair Capital Saudi Arabia |
Underwriter: | - |
Financial Advisor: | Alkhair Capital Saudi Arabia |
Legal Advisor: | Al Saleh & Al Sahli Law Firm |
Auditor: | Baker Tilly Co. |
Receiving Bank: | Alkhair Capital Saudi Arabia |
IPO results
Proceeds: | - |
Subscription Percentage: | 343.55% |
No. of Subscribers: | - |
Allocation: | - |
Chart - United Mining Industries Co.
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