Enma Al Rawabi issues document of listing shares on Nomu, sets price guidance

28/09/2021 Argaam

Logo of Enma Al Rawabi Co.


Enma Al Rawabi Co. published the document of listing its shares on Nomu- Parallel Market, as part of the direct listing procedures. 

 

On Sept. 20, the Capital Market Authority (CMA) approved Enma Al Rawabi Co.’s application to register its shares for direct listing on Nomu, Argaam earlier reported. 

Riyadh-based Enma Al Rawabi was established in 2011 as a closed joint stock company with SAR 400 million capital, divided into 40 million shares.

 

The company operates in real estate development and investment, as well as managing and leasing residential and non-residential units. 

FALCOM Financial Services was appointed as a financial advisor for the direct listing of Al Rawabi on Nomu. 

The price guidance was set at SAR 15 per share. 

 

Company’s Shareholders

Shareholders

Before Direct Listing

Number of Shares

(‘000 shares)

Stake (%)

Ibrahim Saad M. Al Mousa

31,866.99

79.67 %

Mohamed Ibrahim Saad Al Mousa

594.40

1.49 %

Abdullah Ibrahim Saad Al Mousa

594.40

1.49 %

Ahmed Ibrahim Saad Al Mousa

594.40

1.49 %

Mousa Ibrahim Saad Al Mousa

594.40

1.49 %

Saad Ibrahim Saad Al Mousa

594.40

1.49 %

Anas Ibrahim Saad Al Mousa

594.40

1.49 %

Fahad Ibrahim Al Mousa

594.40

1.49 %

Abdulaziz Ibrahim Saad Al Mousa

594.40

1.49 %

Nourah M. Abdul Rahman Al Nasser

500.00

1.25 %

Mariam Abdullah Abdul Rahman Mulaqa

500.00

1.25 %

Hailah Ibrahim Saad Al Mousa

297.20

0.74 %

Nourah Ibrahim Saad Al Mousa

297.20

0.74 %

Al Jawharah Ibrahim Saad Al Mousa

297.20

0.74 %

Asmaa Ibrahim Saad Al Mousa

297.20

0.74 %

Mashael Ibrahim Saad Al Mousa

297.20

0.74 %

Mounira Ibrahim Saad Al Mousa

297.20

0.74 %

Sara Ibrahim Saad Al Mousa

297.20

0.74 %

Hend Ibrahim Saad Al Mousa

297.20

0.74 %

Public (74 investors)

0.21

0.001 %

Total

40,000.00

100.00 %

 

Company Profile

Company

Enma Al Rawabi Co.

Stock market

Nomu - Parallel Market

Core Activities

Real estate sector

Status

Active

Capital

SAR 400 mln

 

IPO Profile

Number of shares

40 mln 

Nominal value

SAR 10/share

Price guidance

SAR 15

Method of Setting Opening Price

 

The share opening price is set based on demand and supply by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

 

Qualified investors

- Current shareholders (except for owners of 5% or more for which the lock-up applies.

- Qualified investors categories

Additional Information

Financial advisor

FALCOM Financial Services

 

 

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