Al Naqool Sons issues registration form, sets price guidance at SAR 21

27/04/2021 Argaam


Mohammed Hassan Al Naqool Sons Co. published the registration form of its direct listing on Nomu Parallel Market, the financial advisor, Falcom Financial Services, said in a bourse statement. 

 

In December 2020, the company received the approval of the Capital Market Authority (CMA) to register shares for direct listing in the parallel market, according to data compiled by Argaam.

 

Al Naqool was established in early 1977, with SAR 29 million capital, divided into 2.9 million shares.

 

The company set the price guidance at SAR 21 per share.

 

Falcom Financial Services was appointed as a financial advisor as regards the registration form of its direct listing on Nomu Parallel Market.

 

Shareholders

Shareholders

Before Direct Listing

No. of Shares ('000)

Ownership (%)

Majed Al-Subaey

377

13%

Turki Al-Subaey

232

8%

Nayef Al-Subaey

203

7%

Mufreh Al-Subaey

174

6%

Abdullah Al-Subaey

145

5%

Other shareholders owning less than 5% (59 shareholders)

1769

61%

Total

2900

100%

 

Company Profile

Company

Mohammed Hassan Al Naqool Sons Co

Market

Nomu Parallel Market

Core Activities

Manufacturing of hollow cement blocks and bricks, as well as ready-mixed concrete

Status

Active

Capital

SAR 29 mln

 

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