AI Summary
Logo of Rayan Advanced Industrial
Rayan Advanced Industrial Co. issued today, Oct. 30, the prospectus to list two million shares on Nomu-Parallel Market.
The offered shares represent 20% of the company’s share capital of SAR 100 million, or 10 million shares.
The Capital Market Authority (CMA) approved, on Oct. 19, the application received from the company to offer 20% of its capital on Nomu.
The offering period will run from Nov. 20 to Nov. 24, 2022.
The company's current activity is represented in the production, sale and marketing of plastic products used in specialized packaging and packing, which depend on high- and low-density polyethylene of various uses.
The company's activities, as per articles of association, include the manufacturing of paper bags, semi-manufactured products from plastics such as plates, strips, sheets, tapes, pipes, hoses and their fittings, in addition to plastic bags and household appliances, kitchen utensils and single-use decorations. This is besides general warehouses that include a variety of goods.
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Company Profile |
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Company |
Rayan Advanced Industrial Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Production, sale and marketing of plastic products |
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Capital |
SAR 100 mln |
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IPO Summary |
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Issue Percentage |
20% |
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Offered Shares |
2 mln |
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Offer Price |
Not determined yet |
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Minimum Limit |
10 shares |
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Maximum Limit |
490,000 shares |
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Subscription Period |
Nov. 20 to Nov. 24, 2022. |
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Final Allocation |
Nov. 29, 2022 |
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Refund (if any) |
Dec. 1, 2022 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Hassan Ali Hassan Al-Sairafi |
7400 |
74.00% |
7100 |
71.00% |
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Ryan Hassan Ali Al-Sairafi |
500 |
5.00% |
100 |
1.00% |
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Mohammed Hassan Ali Al-Sairafi |
500 |
5.00% |
100 |
1.00% |
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Wud Hassan Ali Al-Sairafi |
500 |
5.00% |
100 |
1.00% |
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Reem Hassan Ali Al-Sairafi |
500 |
5.00% |
100 |
1.00% |
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Sami Fahid Khader Joudeh |
500 |
5.00% |
400 |
4.00% |
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Awatif Hassan Ibrahim Baterjee |
100 |
1.00% |
100 |
1.00% |
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QFIs |
-- |
-- |
2000 |
20% |
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Total |
10000 |
100% |
10000 |
100% |
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Additional Information |
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Financial Advisor |
Aldukheil Financial Group |
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Lead Manager |
Alinma Investment |
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Receiving Banks |
Alinma Investment - SNB Capital - Riyad Capital - AlJazira Capital |
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