UFG to debut on Nomu today

Company Profile

Company

Arabian United Float Glass Co. (UFG)

Market

Nomu-Parallel Market

Core activities

Production, manufacture and sale of float glass and mirrors

Status

Active

Capital

SAR 170.04 mln

Direct Listing Profile

Number of shares

17.003 mln

Share par value

SAR 10

Share price guidance upon listing

SAR 54

Method of setting share opening price

The opening price of the stock shall be set based on the supply and demand through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a +/-30% daily fluctuation limit.

The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified investors

- QFIs

- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).

Company Shareholders

Shareholders

Before Direct Listing

Number of Shares (mln)

Ownership (%)

Al-Ayuni Contracting and Investment Co.

7.17

42.16%

Rashid Saad Al-Rashid & Sons Co.

2.32

13.66%

Abdulrahman Saad Al-Rashid & Sons Co.

2.26

13.27%

National Gas and Industrialization Co. (GASCO)

1.87

11.01%

Other shareholders owning less than 5% (49 shareholders)

3.38

19.91%

Qualified investors

--

--

Total

17.00

100%

Additional Information

Financial Advisor

Yaqeen Capital