Hawyia Auctions issues prospectus for Nomu IPO

Logo of Hawyia Auctions Co.

Hawyia Auctions Co. issued today, May 6, the prospectus to float 2.4 million shares, or 12% of capital, on the Nomu-Parallel Market.

 

The company’s current capital amounts to SAR 20 million, divided into 20 million shares at a par value of SAR 1 each.

 

For More IPOs

 

The share sale, which was priced at SAR 13 apiece for qualified investors, will run for four working days from May 26-29.

 

The Capital Market Authority (CMA) approved, in March, the application received from the company to register its shares for direct listing on Nomu.

 

Hawyia Auctions was established as a limited liability company in 2019 in Riyadh. It was converted into a closed joint stock company in 2024.

 

The company's current activity is to provide auction organization and management services, estate settlement, and exclusive real estate marketing.

 

Company Profile 

Company 

Hawyia Auctions Co.

Core Activities 

Real estate marketing and auctions management

Market

Nomu-Parallel Market

Capital 

SAR 20 mln

Number of Shares 

20 mln

Nominal Value 

SAR 1 per share
 

IPO Summary

Issue Percentage

12%

Offered Shares

2.4 mln

Offer Price

SAR 13

IPO Minimum Limit

10 shares

IPO Maximum Limit

9.99 mln shares

Offer Period

May 26-29, 2025

Final Allocation

June 2, 2025

Surplus Refund (if any)

June 4, 2025
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Alsoliman Real Estate Co.

10.80

54.0%

9.50

47.5%

Mohammed Abdullah Al-Olayan*

4.88

24.4%

4.29

21.5%

Abdullah Imad Hamad Al-Askar**

3.92

19.6%

3.45

17.3%

Mohammed Ibrahim Hamad Al-Tuwaijri***

0.40

2.0%

0.35

1.8%

Qualified investors

--

--

2.40

12.0%

Total

20.0

100%

20.0

100%

*Chairman Mohammed Al-Olayan holds indirect ownership in the issuer given his 0.22% direct ownership in Alsoliman Real Estate Co. (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.12% of the pre-IPO issued capital and 0.11% of the post-IPO issued capital.

**Vice Chairman Abdullah Al-Askar holds indirect ownership given his 4.18% direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 2.25% of the pre-IPO issued capital and 1.98% of the post-IPO issued capital.

***Shareholder Mohammed Al-Tuwaijri holds indirect ownership in the issuer resulting from his direct direct ownership in Alsoliman Real Estate (a major shareholder in Hawyia Auctions by 54%). His indirect ownership represents 0.06% of the pre-IPO issued capital and 0.05% of the pre-IPO issued capital.

 

Additional Information

Financial Advisor

Estidamah Capital

Lead Manager

Derayah Financial

Receiving Entities

Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Al Rajhi Capital, BSF Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital

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