AI Summary
Logo of Wajd Life Trading Co.
Wajd Life Trading Co. issued today, Aug. 7, the prospectus to float 2.5 million shares on the Nomu-Parallel Market.
The offered shares represent 25% of the company's pre-IPO capital of SAR 10 million, divided into 10 million shares at a SAR 1 par value.
Meanwhile, they will make up 20% of Wajd Life’s SAR 12.5 million post-IPO capital.
The IPO will be limited to qualified investors, as per the Capital Market Authority's (CMA) instructions.
The share offering will run for five days, from Aug. 31 to Sept. 4.
On March 20, the CMA approved the company's application to list its shares on Nomu.
Wajd Life was established in 2013 in Riyadh, as a Saudi closed joint-stock company. Its current activities are divided into five segments: Medical operations; operation, maintenance and facility management; medical equipment sales and after-sales services; specialized maintenance, and supply of medical devices’ spare parts, accessories, and thereof.
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Company Profile |
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Company |
Wajd Life Trading Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Medical operations and supply of medical and non-medical equipment, spare parts, etc. |
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Pre-IPO Capital |
SAR 10 mln |
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Number of Shares |
10 mln |
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Post-IPO Capital |
SAR 12.5 mln |
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Number of Shares |
12.5 mln |
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Nominal Value |
SAR 1 per share |
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IPO Summary |
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Issue Percentage |
20% of post-IPO capital (25% pre-IPO capital) |
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Offered Shares |
2.5 mln shares |
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IPO Minimum Limit |
100 shares |
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IPO Maximum Limit |
624,900 shares |
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Offer Period |
From Aug. 31 to Sept. 4, 2025 |
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Final Allocation |
Sept. 9, 2025 |
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Surplus Refund (if any) |
Sept. 11, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Mohammed Issa Yahya Namazi |
6500 |
65% |
6500 |
52% |
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Abdulrahman Thanyan Al-Obeikan |
2500 |
25% |
2500 |
20% |
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Abdulrahman Halil Al-Maliki |
500 |
5% |
500 |
4% |
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Mishal Mohammed bin Owain |
500 |
5% |
500 |
4% |
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Qualified investors |
-- |
-- |
2500 |
20% |
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Total |
10000 |
100% |
12500 |
100% |
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Additional Information |
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Financial Advisor & Lead Manager |
Yaqeen Capital |
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Receiving Agents |
Derayah Financial, Alinma Capital, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Alibilad Capital, AlJazira Capital, Alistithmar Capital, ANB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, EFG-Hermes, Musharaka Capital, Awaed Alosool Capital |
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