AI Summary
Logo of Sahat Almajd Co.
Sahat Almajd Trading Co. issued today, Sept. 25, the prospectus to float 4.38 million shares on the Nomu-Parallel Market.
The offered shares represent 12.5% of its pre-IPO capital of SAR 35 million, divided into 35 million shares at a par value of SAR 1 per share. They represent 11.11% of post-IPO capital.
The offering will be limited to qualified investors, as per the Capital Market Law provisions.
The share sale will run for five working days from Oct. 19-23.
In June, the Capital Market Authority (CMA) approved the company's application to list its shares on Nomu.
Sahat Almajd was initially established as a sole proprietorship in 2005 in Riyadh. It was later converted into a limited liability company, and eventually into a closed joint-stock firm in 2024.
Its current business activities include producing and selling premium chocolates under the “Hanoverian” brand; producing and distributing fresh baked goods and pastries through “Susam”; and serving specialty coffee under the “Jadeel” brand.
The company’s activities also include producing and marketing the “Spark” carbonated beverages; wholesale distribution of various types of chocolate, baked goods, and beverages; wholesale trading of solid fuels, including charcoal and coal; offering and marketing fresh juices and cold beverages within Saudi Arabia.
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Company Profile |
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Company |
Sahat Almajd Trading Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Production and sale of baked goods, pastries, premium chocolates, and more |
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Pre-IPO Capital |
SAR 35 mln |
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Number of Shares |
35 mln |
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Post-IPO Capital |
SAR 39.37 mln |
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New Number of shares |
39.37 mln fully paid-up shares |
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Nominal Value |
SAR 1 per share |
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IPO Summary |
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Issue Percentage |
12.5% of pre-IPO capital 11.11% of post-IPO capital |
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Offered Shares |
4.38 mln fully paid-up shares |
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IPO Minimum Limit |
100 shares |
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IPO Maximum Limit |
1.97 mln shares |
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Offer Period |
Oct. 19-23, 2025 |
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Final Allocation |
Oct. 28, 2025 |
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Surplus Refund (if any) |
Oct. 30, 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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Tawarod Investment Est. |
10.68 |
30.50% |
10.68 |
27.11% |
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Saleh Mohamed Ibrahim Alhumaidhi |
7.92 |
22.64% |
7.92 |
20.12% |
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Mohammed Saleh Mohammed Alhumaidhi |
2.28 |
6.50% |
2.28 |
5.78% |
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Nawaf Saleh Mohammed Alhumaidhi |
2.03 |
5.80% |
2.03 |
5.16% |
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Badr Saleh Mohammed Alhumaidhi |
1.68 |
4.80% |
1.68 |
4.27% |
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Mansour Saleh Mohammed Alhumaidhi |
1.61 |
4.60% |
1.61 |
4.09% |
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Omar Saleh Mohammed Alhumaidhi |
1.61 |
4.60% |
1.61 |
4.09% |
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Abdulwahid Saleh Mohammed Alhumaidhi |
1.40 |
4.00% |
1.40 |
3.56% |
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Abdulmajid Saleh Mohammed Alhumaidhi |
1.40 |
4.00% |
1.40 |
3.56% |
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Abdulaziz Saleh Mohammed Alhumaidhi |
1.40 |
4.00% |
1.40 |
3.56% |
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Other shareholders (16 owning less than 4%) |
2.99 |
8.56% |
2.99 |
7.59% |
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New shares to be offered to qualified investors |
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4.38 |
11.11% |
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Total |
35.00 |
100% |
7.94 |
100% |
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Additional Information |
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Financial Advisor & Lead Manager |
Value Capital |
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Receiving Agents |
Derayah Financial, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Alibilad Capital, AlJazira Capital, Alistithmar Capital, Alinma Capital, ANB Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, EFG-Hermes, Musharaka Capital, Awaed Alosool Capital |
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