Shmoh Almadi issues prospectus for IPO on Nomu

Logo of Shmoh Almadi Co.

Shmoh Almadi Co. issued today, Dec. 3, the prospectus to list 1.4 million shares on the Nomu-Parallel Market.

The offered shares represent 17.5% of pre-IPO capital of SAR 40 million (14.89% of post-IPO capital).

The share sale will run for eight working days from Dec. 24 to Dec. 31, 2024.

In September, the Capital Market Authority (CMA) approved the company's application to float its shares on the Nomu Parallel Market.

Shmoh Almadi was established as a sole proprietorship in Riyadh in 2006, then converted into a shareholding company.

The company's activities, as stated in its commercial register, are represented in the manufacture of bread and its products by automated bakeries, the manufacture of biscuits of all kinds, the manufacture of popular food bread and raw pastry sheets including matai, the manufacture of popular and oriental sweets of all kinds, land transportation of goods, transportation of refrigerated and frozen goods, refrigerated food stores, storage in grain silos, flour and agricultural products, refrigerated and dry food stores, retail sale of bakery products and sweets.

Company Profile
Company	Shmoh Almadi Co.
Market	Nomu - Parallel Market
Core Activities	Confectionery Products
Pre-IPO Capital	SAR 40 mln
Number of Shares	8 mln shares
Post-IPO Capital	SAR 47 mln
Number of shares after IPO	9.4 mln
Share Par Value	SAR 5/share

IPO Summary
Issue Percentage	14.89% (17.5% of pre-IPO capital)
Offered shares	1.4 mln
IPO Minimum Limit	10 shares
IPO Maximum Limit	469,990 shares
Offer period	8 days from Dec. 24-31, 2024
Final Allocation	Jan. 5, 2025
Refund (if any)	Jan. 7, 2025

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Fahad Mohammed Abdullah Al-Khudairi	3200	40.00%	3200	34.04%
Thani Abdulaziz Abdulrahman Al-Ahmad	1600	20.00%	1600	17.02%
Ahmed Abdulaziz Abdulrahman Al-Ahmed	1360	17.00%	1360	14.47%
Mishari Fahd Mohammed Al-Khudairi	320	4.00%	320	3.40%
Abdullah Abdulaziz Abdulrahman Al-Ahmed	240	3.00%	240	2.55%
Fahad Abdulaziz Abdulrahman Al-Ahmed	240	3.00%	240	2.55%
Yazid Abdullah Ali Hammad	80	1.00%	80	0.85%
Abdullah Fahd Mohammed Al-Khudairi	320	4.00%	320	3.40%
Abdulaziz Thani Abdulaziz Al-Ahmad	320	4.00%	320	3.40%
Ahmed Thani Abdulaziz Al-Ahmad	320	4.00%	320	3.40%
QFIs	--	--	1400	14.89%
Total	8000	100%	9400	100%

Additional Information
Financial Advisor and Lead Manager	Value Capital
Receiving Banks	Alinma Investment, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Derayah Financial.

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