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×Brief
Company Status: | IPO |
Business Activity: | |
Current Capital: | 400.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Approved |
Exchange Market: | TASI |
Sector: | Industry |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | - |
Issue Volume (M Riyal): | - |
Premium: | - |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 10.80 Million Shares |
Minimum Subscription (Institutions): | 50.00 Thousand Shares |
Maximum Subscription (Institutions): | 2.00 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds from the Offering (after deducting the Offering expenses estimated at SAR 16 million) will be distributed to the Selling Shareholders based on each Selling Shareholder’s percentage ownership in the Offer Shares, The Company will not receive any part of the Net Proceeds from the Offerin . |
Restrictions on Dealing in Shares: | The Substantial Shareholders will be subject to a Lock-up Period of 6 months, starting from the commencement of trading of the Shares on the Saudi Stock Exchange, during which the Substantial Shareholder shall be prohibited from disposing of their Shares. After the end of the Lock-up Period, the Substantial Shareholders may dispose of their shares without the prior approval of the CMA . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 12/31/2023 |
The minimum & maximum offering price: | 5/28/2024 |
Subscription End Date: | 5/29/2024 |
Allocation Date: | 6/2/2024 |
Distribution Date: | 6/2/2024 |
Listing Date: | - |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Mansour Kamel Ibrahim Al-Futouh | 7.68 | 19.21 % | - |
Nasser Kamel Ibrahim Al-Futuh Al-Balawi | 6.73 | 16.83 % | - |
Elham Mahmoud Obaid Ibrahim | 4.50 | 11.24 % | - |
Dalal Kamel Ibrahim Al-Futuh Al-Balawi | 3.34 | 8.34 % | - |
Manal Kamel Ibrahim Al-Futuh Al-Balawi | 3.34 | 8.34 % | - |
Nawaf Khaled Kamel Al-Futuh Al-Balawi | 2.94 | 7.36 % | - |
Abdulaziz Khaled Kamel Al-Futuh Al-Balawi | 2.94 | 7.36 % | - |
Amal Kamel Ibrahim Al-Futuh Al-Balawi | 2.86 | 7.15 % | - |
Shatha Mowafaq Kamel Al-Futuh Al-Balawi | 2.86 | 7.15 % | - |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | Alinma Investment Company |
Financial Advisor: | Alinma Investment Company |
Legal Advisor: | STAT Law Firm |
Auditor: | Price Water House Coopers - Saudi Arabia, KPMG Consulting Co. |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Alinma Bank |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Altaiseer Group Talco Industrial Co.
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