Fad issues IPO prospectus to offer 240,000 shares on Nomu

Logo of Fad International Co.

Fad International Co. issued today, Oct. 12, its prospectus to float 240,000 shares, or 20% of its SAR 12 million capital (divided into 1.2 million shares), in an initial public offering (IPO) on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, on June 5, the company’s application for this offering.

Fad's activities, according to its commercial register, include wholesale and retail sales of women's clothing, fabrics, bags, shoes, accessories, leather products, perfumes, and cosmetics.

Qualified investors can subscribe to the share sale between Nov. 1-7.

Company Profile
Company	Fad International Co.
Market	Nomu-Parallel Market
Core Activities	Ready-made clothing, bags, and cosmetics retail
Current Capital	SAR 12 mln
Number of Shares	1.2 mln

IPO Summary
Issue Percentage	20%
Number of Offered Shares	240,000
Minimum Subscription Limit for Retail Investors	10 shares
Maximum Subscription Limit for Retail Investors	59,990 shares
Retail Offering	Nov. 1-7, 2023
Final Allocation	Nov. 12, 2023
Surplus Refunds (If any)	Nov. 14, 2023

Company Shareholders
Shareholder	Pre-IPO		Post-IPO
	Number of Shares (‘000)	Ownership Percentage	Number of Shares (‘000)	Ownership Percentage
Eyad Mashat	672.0	56%	552.0	46%
Taleh Mashat	312.0	26%	252.0	21%
Abdullah Mashat	120.0	10%	60.0	5%
Taim Mashat	48.0	4%	48.0	4%
Tamara Mashat	48.0	4%	48.0	4%
Qualified investors	--	--	240.0	20%
Total	1200.0	100%	1200.0	100%

Additional Information
Financial Advisor	Yaqeen Capital
Lead Manager	Yaqeen Capital

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

CMA approves 4 new listings on Nomu

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Related News

Most Read

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us