Bena Steel issues prospectus to offer 600,000 shares on Nomu

بناء للصناعات الحديدية تُعلن نشرة الإصدار الخاصة بطرح 600 ألف سهم من أسهمها في السوق الموازية

Logo of Bena Steel Industries Co.

Bena Steel Industries Co. issued today, Feb. 1, the prospectus to list 600,000 shares, or 12% of SAR 50 million capital, on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, in November 2022, the application received from the company to register its shares for direct listing on Nomu.

The offering period will start from Feb. 26 through March 2, it added.

Headquartered in Dammam, Bena was incorporated as a closed joint-stock company. It started operations as a branch in 1992.

Company Profile
Company	Bena Steel Industries Co.
Market	Nomu-Parallel Market
Core activities	Slitting/shearing steel coils
Capital	SAR 50 mln
Total shares	5 mln

IPO Summary
Issue percentage	12%
Offered shares	600,000
Minimum limit	10 shares
Maximum limit	249,990 shares
Subscription period	From Feb. 26 to March 2, 2023
Final allocation	March 7, 2023
Refund (if any)	March 9, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
AlBawardi Group	4214.0	84.28%	3708.3	74.17%
Riyadh Sulaiman Al-Kharashi	249.0	4.98%	219.1	4.38%
Abdullah Majid Ali Al Majid	247.0	4.94%	217.4	4.35%
Abdullah Saad Al-Zaid	200.0	4.00%	176.0	3.52%
Khalid Mohammed Al-Nemr	54.0	1.08%	47.5	0.95%
Mohammed Khalid AlBawardi	17.1	0.34%	15.0	0.30%
Saad Saled Al-Abdullatif	4.0	0.08%	3.5	0.07%
Yahia Ali Al-Qahtani	2.6	0.05%	2.3	0.05%
Others	12.3	0.25%	10.9	0.21%
Qualified investors	--	--	600.0	12%
Total	5000.0	100%	5000.0	100%

Additional Information
Lead manager and financial advisor	Yaqeen Capital

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