Logo of Knowledge Tower Trading Co.

Knowledge Tower Trading Co. issued today, Sept. 27, the prospectus to list 350,000 shares on Nomu-Parallel Market.

 

This constitutes 20% of Knowledge Tower’s SAR 17.5 million share capital, which is divided into 1.75 million shares.

 

The Capital Market Authority (CMA) approved, on Sept. 12, the application received from the company to register and list 350,000 shares, representing 20% of its share capital, on Nomu-Parallel Market. 
 
The offering period for qualified investors will run from Oct. 30 to Nov. 3.

 

The company's activities are represented in the wholesale of stationery and office supplies, besides the retail sale of stationery, newspapers and magazines. This is in addition to publishing paper books, dictionaries, atlases and maps, including importing and producing written, drawn or illustrated intellectual products.

 

Company Profile

Company

Knowledge Tower Trading Co.

Market

Nomu-Parallel Market

Core Activities

Selling stationery and office supplies

Capital

SAR 17.5 mln

Total Shares

1.75 mln
 

IPO Summary

Issue Percentage

20% of capital

Offered Shares

350,000 shares

Minimum Limit

10 shares

Maximum Limit

78,400 shares

Subscription Period

From Oct. 30 to Nov. 3, 2022

Final Allocation

Nov. 08, 2022

Refund (if any)

Nov. 10, 2022
 

Company Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership%

Number of Shares

(‘000 shares)

Ownership%

Nouf Hassan Alyamani

1400

80.0%

1225

70%

Abdulilah bin Heif Al Salim

78

4.5%

39

2.2%

Khalifa Hamad Al-Dousari

73.5

4.2%

36.8

2.1%

Abdulrahman Mohammed Almanie

60

3.4%

30

1.7%

Majid bin Hamad Al-Dousari

40

2.3%

20

1.1%

Saad Mubarak Al Rabhan

28.1

1.6%

14.1

0.8%

Other Shareholders

7.0

4.0%

35.2

2.0%

Public

--

--

350

20.0%

Total

1750

100%

1750

100%
 

Additional Information

Financial Advisor

 Watheeq Capital

Lead Manager

    Derayah Financial
 

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