Amwaj issues prospectus to offer 600,000 shares on Nomu

19/04/2022 Argaam

Tadawul trading screen


Amwaj International Co. issued its prospectus to offer 600,000 shares on the Nomu-Parallel Market.

 

The Capital Market Authority (CMA) approved, on March 21, the application received from Amwaj to register and offer 600,000 shares, or %10 of its capital on Nomu.

 

The shares will be offered from May 22-25. The IPO will be confined to qualified investors.

 

The company has SAR 60 million capital, divided into 6 million shares, of which Zahran Holding Co. owns 95% (pre-offering).

 

Company Profile

Company

Amwaj International Co. 

Market

Nomu-Parallel Market

Core Activities

Selling and distribution of home appliances

Capital

SAR 60 mln

 

IPO Summary

Issue percentage (%)

10%

Number of shares offered

600,000

Qualified investors

Qualified investors

Minimum limit

10 shares

Maximum limit

99,990 shares

Subscription period

May 22-25, 2022

Final allocation

May 31, 2022

Surplus Refund (if any)

June 7, 2022

 

Additional Information

Financial advisor

Marifa Capital

Lead manager

Alinma Investment

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of shares

(‘000 shares)

Ownership%

Number of shares

(‘000 shares)

Ownership%

Zahran Holding Co.

5700.00

95%

5100.00

85%

Bader bin Ghurmallah Al Zahrani

240.00

4%

240.00

4%

Hassa bint Ghurmallah Al Zahrani

60.00

1%

60.00

1%

QFIs (the public)

--

--

600.00

10%

Total

6000.00

100%

6000

100%

 

For More IPOs

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