Clean Life issues prospectus to offer 300,000 shares on Nomu

Clean Life Co. logo

Clean Life Co. issued today, Aug. 21, its prospectus to float 300,000 shares, or 20% of its SAR 15 million capital, on Nomu-Parallel Market.

The share sale will run from Oct. 1-5.

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

Established in 2015 in Riyadh, Clean Life is a Saudi closed joint-stock company that operates with SAR 15 million capital, divided into 1.5 million ordinary shares.

The company's activities are represented in the general, exterior and specialized cleaning of buildings, including chimneys, windows, etc. This is in addition to the cleaning and maintenance of swimming pools as well as disinfection and fumigation activities for pest control.

The CMA approved, in June, the application submitted by the company to register and offer 300,000 shares on Nomu.

Company Profile
Company	Clean Life Co.
Market	Nomu-Parallel Market
Core activities	Cleaning of houses, furniture and buildings
Capital	SAR 15 mln

IPO Summary
Issue Percentage	20%
Offered Shares	300,000
Minimum Limit	10 shares
Maximum Limit	74,900 shares
Offer Period	Oct. 1-5, 2023
Final Allocation	Oct. 10, 2023
Refund (If any)	Oct. 16, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Mohamed bin Saleh bin Ali Al Nasser	300	20%	240	16%
Abdullah bin Saleh bin Ali Al Nasser	300	20%	240	16%
Abdulaziz bin Saleh bin Ali Al Nasser	300	20%	240	16%
Abdulrahman bin Saleh bin Ali Al Nasser	300	20%	240	16%
Sultan bin Nasser bin Abdullah Al Nasser	300	20%	240	16%
Qualified Investors	--	--	300	20%
Total	1500	100%	1500	100%

Additional Information
Financial Advisor	Watheeq Capital
Lead Manager	Al-Nefaie Investment

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