Ataa Educational Co. will start trading on the Saudi Stock Exchange (Tadawul) today, Wednesday, July 31, 2019, under the symbol 4292, according to a bourse statement.
Ataa’s stock fluctuation limit will stand at 10 percent.
Ataa’s debut represents the fourth listing on Tadawul this year, after listing Maharah Human Resource Co. in June, Arabian Centres Co. in May, Al Moammar Information Systems Co. in April.
Last year witnessed the listing of two companies, namely, Leejam Sports Co. and National Company for Learning & Education.
The company offered retail investors a total of 1.2 million shares, or 10 percent of the offering size, as of July 14.
The ISO 9001 certified educational firm was established in 1992, and has been operating in the public education sector for 30 years, since the establishment of its first school in Riyadh in 1989.
The firm has been instrumental in the acquisition of several educational complexes in Riyadh, and currently runs 13 educational campuses. It also holds the AdvancedED academic accreditation.
Ataa’s capital amounts to SAR 400 million, with 40 million shares at SAR 10 per share.
|
Company’s Profile |
|
|
Company |
Ataa Educational Co. |
|
Market |
TASI |
|
Main activities |
Establishing, owning and operating national and international schools |
|
Status |
Active |
|
Capital |
SAR 400 mln |
|
Major Shareholders |
||
|
Shareholder |
Number of shares before IPO (mln) |
Stake % |
|
National Advanced Ebdaa Trading Co. |
10.64 |
26.60% |
|
RZM Investment Co. |
7.96 |
19.89% |
|
Ahmed bin Nasser Al Mutab |
6.05 |
15.12% |
|
Others* |
3.35 |
8.37% |
|
Public |
12.00 |
30.00% |
|
Total |
40.00 |
100.00% |
*Each owns less than 5%.
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