AI Summary
Logo of Hawyia Auctions Co.
Hawyia Auctions Co. issued today, May 6, the prospectus to list 2.4 million shares, or 12% of capital, on the Nomu-Parallel Market.
The share sale will run for four working days from May 26-29, 2025.
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.
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Company Profile |
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Company |
Hawyia Auctions Co. |
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Core Activities |
Real estate marketing and auctions management |
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Market |
Nomu - Parallel Market |
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Capital |
SAR 20 mln |
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Number of Shares |
20 mln |
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Nominal Value |
SAR 1 per share |
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IPO Summary |
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Issue Percentage |
12% |
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Offered shares |
2.4 mln |
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Offer Price |
SAR 13 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
9.9 mln shares |
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Offer period |
From May 26-29, 2025 |
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Final Allocation |
June 2, 2025 |
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Refund (if any) |
June 4, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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Sulaiman Real Estate Co. |
10.80 |
54.0% |
9.50 |
47.5% |
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Mohammed Abdullah Mohammed Al-Olayan* |
4.88 |
24.4% |
4.29 |
21.5% |
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Abdullah Imad Hamad Al-Askar** |
3.92 |
19.6% |
3.45 |
17.3% |
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Mohammed Ibrahim Hamad Al-Tuwaijri*** |
0.40 |
2.0% |
0.35 |
1.8% |
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QFIs |
-- |
-- |
2.40 |
12.0% |
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Total |
20.0 |
100% |
20.0 |
100% |
**Vice Chairman Abdullah Imad Hamad Al-Askar, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of 4.18% of its capital, of which the issuer owns 54%. His indirect ownership represents 2.25% of the issued capital before the IPO and 1.98% of issued capital after the IPO.
***Shareholder Mohammed Ibrahim Hamad Al-Tuwaijri, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of which the issuer owns 54%. His indirect ownership represents 0.06% of the issued capital before the IPO and 0.05% of issued capital after the IPO.
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Additional Information |
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Financial Advisor |
Business Sustainability Finance Co. |
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Lead Manager |
Derayah Financial |
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Receiving Banks |
Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital |
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