Enma Al Rawabi issues document of listing shares on Nomu, sets price guidance

Logo of Enma Al Rawabi Co.

Enma Al Rawabi Co. published the document of listing its shares on Nomu- Parallel Market, as part of the direct listing procedures.

On Sept. 20, the Capital Market Authority (CMA) approved Enma Al Rawabi Co.’s application to register its shares for direct listing on Nomu, Argaam earlier reported.

Riyadh-based Enma Al Rawabi was established in 2011 as a closed joint stock company with SAR 400 million capital, divided into 40 million shares.

The company operates in real estate development and investment, as well as managing and leasing residential and non-residential units.

FALCOM Financial Services was appointed as a financial advisor for the direct listing of Al Rawabi on Nomu.

The price guidance was set at SAR 15 per share.

Company’s Shareholders
Shareholders	Before Direct Listing
Shareholders	Number of Shares (‘000 shares)	Stake (%)
Ibrahim Saad M. Al Mousa	31,866.99	79.67 %
Mohamed Ibrahim Saad Al Mousa	594.40	1.49 %
Abdullah Ibrahim Saad Al Mousa	594.40	1.49 %
Ahmed Ibrahim Saad Al Mousa	594.40	1.49 %
Mousa Ibrahim Saad Al Mousa	594.40	1.49 %
Saad Ibrahim Saad Al Mousa	594.40	1.49 %
Anas Ibrahim Saad Al Mousa	594.40	1.49 %
Fahad Ibrahim Al Mousa	594.40	1.49 %
Abdulaziz Ibrahim Saad Al Mousa	594.40	1.49 %
Nourah M. Abdul Rahman Al Nasser	500.00	1.25 %
Mariam Abdullah Abdul Rahman Mulaqa	500.00	1.25 %
Hailah Ibrahim Saad Al Mousa	297.20	0.74 %
Nourah Ibrahim Saad Al Mousa	297.20	0.74 %
Al Jawharah Ibrahim Saad Al Mousa	297.20	0.74 %
Asmaa Ibrahim Saad Al Mousa	297.20	0.74 %
Mashael Ibrahim Saad Al Mousa	297.20	0.74 %
Mounira Ibrahim Saad Al Mousa	297.20	0.74 %
Sara Ibrahim Saad Al Mousa	297.20	0.74 %
Hend Ibrahim Saad Al Mousa	297.20	0.74 %
Public (74 investors)	0.21	0.001 %
Total	40,000.00	100.00 %

Company Profile
Company	Enma Al Rawabi Co.
Stock market	Nomu - Parallel Market
Core Activities	Real estate sector
Status	Active
Capital	SAR 400 mln

IPO Profile
Number of shares	40 mln
Nominal value	SAR 10/share
Price guidance	SAR 15
Method of Setting Opening Price	The share opening price is set based on demand and supply by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified investors	- Current shareholders (except for owners of 5% or more for which the lock-up applies. - Qualified investors categories
Additional Information
Financial advisor	FALCOM Financial Services

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