Ghida Al Sultan issues prospectus to float 640,000 shares on Nomu

16/02/2023 Argaam

Ghida Al Sultan issues prospectus to float 640,000 shares on Nomu

Logo of Ghida Al-Sultan Co. 


Ghida Al-Sultan Co. issued the prospectus to list 640,000 shares on Tadawul's Nomu-Parallel Market.

 

The offer shares represent 20% of the company’s total SAR 32 million capital.

 

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

 

The offer period will run from March 12-19.

 

Ghida Al Sultan is a Saudi closed joint-stock company, established as a sole proprietorship in 2010 and headquartered in Jeddah.

 

The company's current activity, as per its commercial register, is fast food (including pizza shops).

 

Company Profile

Company

Ghida Al-Sultan Co.

Market

Nomu-Parallel Market

Core Activities

Fast food meals

Capital

SAR 32 mln

Total Shares

3.2 mln

 

IPO Summary

Issue Percentage

20%

Offered Shares

640,000 shares

Minimum Limit

10 shares

Maximum Limit

159,990 shares

Offer Period

March 12-19, 2023

Final Allocation

March 23, 2023

Refund (if any)

March 27, 2023

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership

(%)

Number of Shares

(‘000 shares)

Ownership

(%)

Randa Hamid Sadaka Alnujaimi

960.0

30%

512.0

16%

Alforas Alghidaia for Trade Co.

960.0

30%

768.0

24%

Aaref Kayed Ali Almesbahi

1280.0

40%

1280.0

40%

Public (qualified investors)

--

--

640.0

20%

Total

3200.0

100%

3200.0

100%

 

Additional Information

Financial Advisor and Lead Manager

Alinma Investment

 

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