Intelligent Oud issues prospectus for 20% IPO on Nomu

Logo of Intelligent Oud Co. (IOud)

Intelligent Oud Co. (IOud) issued today, Aug. 2, its prospectus to float 325,000 shares, or 20% of its post-IPO capital of SAR 16.25 million (25% of the current capital of SAR 13 million), on Nomu-Parallel Market.

The share sale will run from Sept. 10-12.

The offering will be confined to qualified investors, as stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

IOud is a Saudi joint stock company established in Riyadh in 2010. It is active in the manufacture of oud and incense, as well as in the production and reproduction of fresheners and related oils.

In June, the CMA approved an application submitted by the company to register and offer 325,000 shares on Nomu.

Company Profile
Company	Intelligent Oud Co. (IOud)
Market	Nomu-Parallel Market
Core Activities	Manufacturing of oud and incense, alongside the production of oils and perfumes
Capital	SAR 13 mln
Post-IPO Capital	SAR 16.25 mln

IPO Summary
Issue Percentage	20%
Offered Shares	325,000
Minimum Limit	10 shares
Maximum Limit	81,240 shares
Offer Period	Sept. 10-12, 2023
Final Allocation	Sept. 17, 2023
Refund (if any)	Sept. 18, 2023

Company Shareholders
Shareholders	Pre-IPO			Post-IPO
Shareholders	Number of Shares (‘000 shares)		Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Badr Abdul Rahman Al-Dulaimi	401.78		30.91%	401.78	24.73%
Abdul Majeed Abdul Rahman Al-Dulaimi	334.78		25.75%	334.78	20.60%
Abdul Latif Abdul Rahman Al-Dulaimi	167.44		12.88%	167.44	10.30%
Mohammed Abdul Rahman Al-Dulaimi	100.44		7.73%	100.44	6.18%
Public	295.56		22.74%	295.56	38.19%
Qualified Investors	--		--	325.00	20.00%
Total	1300.00	100%		1000.0	100%

Additional Information
Financial Advisor	TeamOne Consulting
Lead Manager	Derayah Financial

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