Leen Alkhair issues prospectus to offer 959,000 shares on Nomu

Logo of Leen Alkhair Trading Co.

Leen Alkhair Trading Co. issued today, Nov. 3, the prospectus to its planned initial public offering (IPO) of 958,750 shares, representing 23.5% of its share capital, on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, on Sept. 28, the company's application to float part of its shares on Nomu, according to Argaam’s data.

Leen Alkhair’s main activities, according to the commercial register, are represented in the wholesale sale of vegetables, fruits, meat, dairy products, dates and other foodstuffs.

The offering, which will be limited to qualified investors, will run between Dec. 4-8, 2022, the prospectus indicated.

The following tables show the main details of Leen Alkhair’s IPO:

Company Profile
Company	Leen Alkhair Trading Co.
Market	Nomu-Parallel Market
Core Activities	Import and marketing of fresh vegetables and fruits
Pre-IPO Capital	SAR 36.72 mln
Post-IPO Capital	SAR 40.80 mln

IPO Summary
Issue Percentage	23.5%
Offered Shares	958,750
Subscriber Eligibility	Qualified investors
Minimum Limit	10 shares
Maximum Limit	203,979 shares
Subscription Period	Dec. 4-8, 2022
Final Allocation	Dec. 13, 2022
Surplus Refund (if any)	Dec. 15, 2022

Company Shareholders
Shareholder	Pre-IPO		Post-IPO
Shareholder	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Abdullah Al Shuraim	1396.00	38.02%	1186.60	29.08%
Saud Al Shuraim	523.50	14.26%	444.98	10.91%
Mohamed Al Shuraim	261.75	7.13%	222.49	5.45%
Fatima AlOthman	256.19	6.98%	217.76	5.34%
Five-Percent Shareholders (10 in total)	4.07	0.14%	3.46	0.12%
Public (279 shareholders)	1230.29	33.51%	1045.74	25.63%
Qualified Investors	--	--	958.75	23.50%
Total	3671.80	100%	4079.8	100%

Additional Information
Financial Advisor and Underwriting Manager	Yaqeen Capital

For More IPOs

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