Multi Business Group issues prospectus to offer 3M shares on Nomu

Logo of Multi Business Group (MBG)

Multi Business Group (MBG) published the prospectus for its initial public offering (IPO) of three million shares, or 25% of its pre-IPO capital, on the Nomu-Parallel Market.

The company’s current capital stands at SAR 12 million, divided into 12 million shares at a nominal value of SAR 1 each.

For More IPOs

After the offering and capital increase, the offer shares will represent 20% of MBG’s post-IPO capital.

The offering will run for five working days from Nov. 12-18.

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

MBG was founded as a sole proprietorship in Riyadh in 2009 and later transformed into a non-listed joint-stock company.

The company provides contracting services for architectural finishing, interior design, and electrical and mechanical engineering for buildings.

Company Profile
Company	Multi Business Group (MBG)
Market	Nomu-Parallel Market
Core Activities	Design and construction contracting services, including finishing works
Pre-IPO Capital	SAR 12 mln
Number of Pre-IPO Shares	12 mln
Post-IPO Capital	SAR 15 mln
Number of Post-IPO Shares	15 mln
Par Value	SAR 1/share

IPO Summary
Issue Percentage	20% of post-IPO capital (representing 25% of pre-IPO capital)
Offered Shares	3 mln
IPO Minimum Limit	10 shares
IPO Maximum Limit	749,999 shares
Offer period	Five days from Nov. 12-18, 2024
Final Allocation	Nov. 21, 2024
Surplus Refund (If Any)	Nov. 25, 2024

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (mln)	Ownership (%)	Number of Shares (mln)	Ownership (%)
Kosub Holding	8550	71.25%	8550	57.00%
Adel Al Basri*	3150	26.25%	3150	21.00%
Sarah Al Basri	150	1.25%	150	1.00%
Faisal Al Basri	150	1.25%	150	1.00%
Qualified Investors	--	--	3000	20%
Total	12000	100%	15000	100%

*Kosub Holding is fully owned by Adel Al Basri.

Additional Information
Financial Advisor	Amwal Capital
Lead Manager	Derayah Financial
Receiving Entities	Alinma Investment - Al Rajhi Capital - SNB Capital - BSF Capital - Riyad Capital - ANB Capital - Alistithmar Capital - Albilad Capital - AlJazira Capital - Yaqeen Capital - Alkhabeer Capital - SAB Invest - Sahm Capital

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us