Ghida Al Sultan issues prospectus to float 640,000 shares on Nomu

Logo of Ghida Al-Sultan Co.

Ghida Al-Sultan Co. issued the prospectus to list 640,000 shares on Tadawul's Nomu-Parallel Market.

The offer shares represent 20% of the company’s total SAR 32 million capital.

The Capital Market Authority (CMA) approved in December the application received from the company to register its shares for direct listing on Nomu.

The offer period will run from March 12-19.

Ghida Al Sultan is a Saudi closed joint-stock company, established as a sole proprietorship in 2010 and headquartered in Jeddah.

The company's current activity, as per its commercial register, is fast food (including pizza shops).

Company Profile
Company	Ghida Al-Sultan Co.
Market	Nomu-Parallel Market
Core Activities	Fast food meals
Capital	SAR 32 mln
Total Shares	3.2 mln

IPO Summary
Issue Percentage	20%
Offered Shares	640,000 shares
Minimum Limit	10 shares
Maximum Limit	159,990 shares
Offer Period	March 12-19, 2023
Final Allocation	March 23, 2023
Refund (if any)	March 27, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Randa Hamid Sadaka Alnujaimi	960.0	30%	512.0	16%
Alforas Alghidaia for Trade Co.	960.0	30%	768.0	24%
Aaref Kayed Ali Almesbahi	1280.0	40%	1280.0	40%
Public (qualified investors)	--	--	640.0	20%
Total	3200.0	100%	3200.0	100%

Additional Information
Financial Advisor and Lead Manager	Alinma Investment

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