Molan Steel issues prospectus for 20.02% stake sale on Nomu

Molan Steel Co. issued today the prospectus to list 532,400 shares on Nomu Parallel Market.

This represents 20.02% of Molan Steel’s SAR 23 million capital, which amounts to a total of 2.3 million shares.

The Capital Market Authority (CMA) approved in September 2022, the application received from the company to register and list 532,400 shares, representing 20.02% of its share capital, on Nomu-Parallel Market.

The offering period for qualified investors will run from Nov. 20, till Nov. 22, 2022.

The company's activities are represented in wholesale of metal and iron strips and blocks, wholesale of metal and iron pipes, wholesale of iron tools and locks, wholesale of industrial metal roofs, doors, windows and metalwork.

Company Profile
Company	Molan Steel Co.
Market	Nomu Parallel Market
Core Activities	Wholesale of pipes, ironware and metalwork
Capital	SAR 23 mln

IPO Summary
Issue Percentage	20.02%
Offered shares	532,410 shares
Minimum limit	10 shares
Maximum limit	132.99 shares
Subscription period	From Nov. 20, to Nov. 22, 2022
Final Allocation	Nov. 27, 2022
Refund (if any)	Nov. 30, 2022

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Dar Al-Takamol Holding Company	575.00	25.00%	575.00	21.62%
Namaa Kalda Trading, Contracting and Real Estate Company	344.83	14.99%	172.41	6.48%
Mishaal Ibrahim Suleiman Al-Odhaibi	137.33	5.79%	137.33	5.16%
Other shareholders owning less than 5%, excluding the selling shareholder, amounting to 70 shareholders	1242.84	54.04%	1242.84	46.72%
QFIs	--	--	532.41	20.02%
Total	2300.00	100%	2660.00	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital

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