Osool & Bakheet debuts on Nomu today

07/11/2023 Argaam Special

Osool & Bakheet debuts on Nomu today

Logo of Osool & Bakheet Investment Co. (OBIC)


Osool & Bakheet Investment Co. (OBIC) shares will be listed and begin trading on Nomu-Parallel Market as of today, Nov. 7, under the symbol 9586 and ISIN code SA15T0MKLP11, at SAR 45 per share.

 

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

 

The company offered 1.5 million shares to qualified investors, representing 18.52% of the company’s post-IPO capital. The IPO was 305% covered, according to data available with Argaam.

 

OBIC will take the number of listings on Nomu to 28 in 2023, including five direct offerings and 23 offerings for qualified investors.

 

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.

 

OBIC’s debut brings the total number of Nomu companies to 72, in addition to Alwaha REIT Fund.

 

Company Profile

 

Established in 2005, OBIC operates with SAR 60 million capital, which will rise to SAR 81 million following the offering.

 

The company's main activities are represented in dealing in securities, custody of securities, investment management and fund operation.

 

Company Profile

Company

Osool & Bakheet Investment Co.

Market

Nomu-Parallel Market

Core Activities

Dealing in securities, investment management, fund operation.

Post-IPO Capital

SAR 81 mln

 

Company Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership (%)

Number of Shares

(‘000 shares)

Ownership (%)

Bishr Mohammed Burhan Al-Din Yassin Bakheet

1344.13

22.40%

1344.13

16.59%

Abdul Rahman Yahya Abdullah Al Yahya

756.97

12.62%

756.97

9.35%

Saleh Mohammed Saleh Al-Hajjaj

750.00

12.50%

750.00

9.26%

Sultan Yahya Abdullah Al Yahya

345.00

5.75%

345.00

4.26%

Mansour Yahya Abdullah Al Yahya

345.00

5.75%

345.00

4.26%

Mazen Mohammed Nasser Al-Daoud

309.37

5.16%

309.37

3.82%

Khaled Abdul Rahman Mohammed Al-Mousa

269.75

4.50%

269.75

3.33%

Abdul Wahab Abdul Karim Abdul Rahman Al Butairi

1.00

0.02%

1.00

0.01%

Other shareholders owning less than 5% and the public

1878.77

31.31%

1878.77

23.20%

Osool & Bakheet Investment (treasury shares)

--

--

600.00

7.41%

Qualified Investors

--

--

1500.00

18.52%

Total

6000

100%

8100

100%

 

For More IPOs

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