Logo of Qomel Co.
Qomel Co. issued today, March 24, the prospectus to list 500,000 shares, representing 14.29% of its post-IPO capital of SAR 35 million (3.5 million shares), on the Nomu-Parallel Market.
The IPO will be through issuing new shares and offering them to qualified investors.
The company obtained on Dec. 13, 2023, the Capital Market Authority’s (CMA) approval on the offering.
The share sale, which will run from April 21-25 for qualified investors, will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.
Qomel is a Saudi closed joint-stock company, established as a limited liability company in 2007 and headquartered in Riyadh.
The company's activities, according to its commercial register, are represented in drug warehouse activities, selling natural medicinal herbs, and medical devices and products stores
Its current actual activity is to work as an agent or distributor for several multinational companies specialized in manufacturing and producing specialized pharmaceutical and medical preparations to treat patients in various fields. Qomel sells medicines, dental supplies, and medical devices in Saudi Arabia.
The company has a wholly-owned subsidiary, Qomal Factory Co., which is an under-construction pharmaceutical factory located in Riyadh.
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Company Profile |
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Company |
Qomel Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
A medical company specializing in pharmaceuticals and medical supplies |
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Current Capital |
SAR 30 mln |
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Post-IPO Capital |
SAR 35 mln |
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Number of Shares after Increase |
3.5 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
14.29% of post-increase capital (which represents 16.67% of pre-increase capital) |
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Offered Shares |
500,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
174,000 shares |
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Offer Period |
April 21-25, 2024 |
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Final Allocation |
May 2, 2024 |
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Refund (If any) |
May 9, 2024 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Salman Nasser Al-Mubarak |
1440 |
48% |
1440 |
41.14% |
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Bandar Abdul Rahman Mohammed Al-Nemr |
720 |
24% |
720 |
20.57% |
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Hisham Abdullah Al-Ogalaa |
600 |
20% |
600 |
17.14% |
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Rokaya Abdulaziz Al-Mubarak |
240 |
8% |
240 |
6.86% |
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Qualified Investors |
-- |
-- |
500 |
14.29% |
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Total |
3000.00 |
100% |
3500.00 |
100% |
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Additional Information |
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Financial Advisor |
Watheeq Capital |
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Lead Manager |
Derayah Financial |
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