Logo of Al-Hasoob Trading Co.
Darfin Capital, the financial advisor for the potential offering of Al-Hasoob Trading Co.’s shares on Nomu Parallel Market, announced the offering price for the subscription at SAR 95 per share.
The company intends to offer 280,000 shares, representing 20% of its capital.
In September, the Capital Market Authority (CMA) approved the company’s request to offer 20% of its capital, according to data compiled by Argaam.
Established in 1999 in Riyadh as a sole proprietorship, the company was transformed in February 2020 into a closed joint stock company and increased its capital to SAR 14 million.
Al-Hasoob provides integrated solutions and services in the field of wholesale, retail and computer maintenance in Saudi Arabia, wholesale software including import, marketing services for third parties, IT, transportation, storage and refrigeration.
It offers its services through its headquarters and has local presence in the western, eastern, southern and central regions, through its regional showrooms in Jeddah, Khobar, Riyadh, Tabuk, Khamis Mushit, Jizan and Qassim.
The company's business is concentrated in the Saudi market and does not have any subsidiaries or substantial assets outside Saudi Arabia.
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Company Profile |
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Company |
Al-Hasoob Trading Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Wholesale, retail, and computer maintenance |
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Capital |
SAR 14 mln |
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IPO Summary |
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Issue Percentage (%) |
20% |
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Number of Shares Offered |
280,000 shares |
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Qualified Subscribers |
Qualified investors as defined in the glossary used in CMA's regulations and rules. |
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Minimum Limit |
10 shares |
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Maximum Limit |
69,990 shares |
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Subscription Period |
Subscription will run from Oct. 24-26. |
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Final Allotment |
Oct. 28 |
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Surplus Refunds |
Oct. 31 |
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