Banan Real Estate issues registration document for direct listing on Nomu

04/07/2021 Argaam

Logo of Banan Real Estate Co.


Banan Real Estate Co., issued today, July 5, the registration document for the direct listing of its shares on Nomu Parallel Market.

 

The Capital Market Authority (CMA) approved on June 28, the registration of Banan Real Estate’s shares for the purpose of direct listing on Nomu.

 

Established in March 2005 in Riyadh, Banan Real Estate currently operates with a capital of SAR 200 million, divided into 20 million shares.

 

The company's current activity is represented in establishing, owning, managing and leasing commercial and residential complexes and hotels.

 

Aldukheil Financial Group has been appointed as a financial advisor with regard to the application to register the company's shares and direct listing on the parallel market.

 

The company set the share price guidance at SAR 15 per share.

 

Company Shareholders

Shareholders

Before the direct listing

Number of shares

(’000 shares)

Stake%

Hisham Abdulaziz Alhakbani

2038.58

10.19%

Mohammed Abdulaziz Alhakbani

1993.58

9.97%

Abdullah Abdulaziz Alhakbani

1958.58

9.79%

Mansour Abdulaziz Alhakbani

1729.70

8.65%

Abdulmohsen Abdulaziz Alhakbani

1712.20

8.56%

Ahmed Abdulaziz Alhakbani

1707.20

8.54%

Abdulrahman Abdulaziz Alhakbani

1556.70

7.78%

Gumasha Ibrahim Aljabr

1235.50

6.18%

Haifaa Abdulaziz Alhakbani

1004.24

5.02%

Meshael Abdulaziz Alhakbani

1001.84

5.01%

Ahmed Abdulrahman Alhakbani

20.00

0.10%

Aishah Abdullah Abalkhail

20.00

0.10%

Fawziya Mohammed Hamad Alsayf

20.00

0.10%

Faisal Mohammed Alhakbani

10.00

0.05%

Nouf Khalid Albawardi

10.00

0.05%

Meshael Hassan Saleh Murshid

10.00

0.05%

Sarah Suleiman Abdulaziz Alsuleim

10.00

0.05%

Dalal Fahd Abdulrahman Alobaikan

10.00

0.05%

Alyaa Mohammed Abdulaziz Alhakbani

5.00

0.03%

Abdulrahman Ahmed Abdulrahman Alhakbani

1.00

0.01%

Saita Ahmed Abdulrahman Alhakbani

1.00

0.01%

Alanoud Ahmed Abdulaziz Alhakbani

2.50

0.01%

Loaloa Ahmed Abdulaziz Alhakbani

2.50

0.01%

Basma Ahmed Abdulaziz Alhakbani

2.50

0.01%

Abdulaziz Ahmed Abdulrahman Alhakbani

2.50

0.01%

Abdulaziz Abdulmohsen Abdulaziz Alhakbani

2.50

0.01%

Fahd Abdulmohsen Abdulaziz Alhakbani

2.50

0.01%

Sarah Abdulmohsen Abdulaziz Alhakbani

2.50

0.01%

Mohammed Mosaed Saleh Alshuaibi

2.50

0.01%

International Hotels Co.

232.00

1.16%

Public (63 shareholders)

3692.9

18.46%

Total

20000.00

100.00%

 

Company Profile

Company

Banan Real Estate

Market

Nomu Parallel Market

Core Activities

Real estate

Status

Active

Capital

SAR 200 mln

 

Information about the Direct Listing

Number of shares

20 mln

Share par value

SAR 10

Share price guidance upon listing

SAR 15

Method of setting share opening price

The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.

The price guidance is a reference for the fair market value, and is also the debut price.

Those eligible to trade the stock

- Current shareholders (except for owners of 5% of more, to whom the lock-up period shall apply.

- Qualified investors

 

 

Additional Information

Financial Advisor

Aldukheil Financial Group

 

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