Logo of Obeikan Glass Co.
Obeikan Glass Co. published today, Jan. 17, the registration document for its planned direct listing on Nomu Parallel Market, according to a bourse statement.
The price guidance was set at SAR 68.
In December, the Capital Market Authority (CMA) approved the application of Obeikan Glass Co. to register its shares on Nomu, Argaam earlier reported.
Obeikan Glass was established in 2007 as a closed joint-stock company in Riyadh. Its capital stands currently at SAR 240 million.
The company is a manufacturer of all kinds of glass. It is also engaged in the wholesale and retail trade for all kinds of glass, raw materials for glass, and accessories; producers, chops, colors and installs glass. Obeikan establishes and manages related mining quarries.
|
Obeikan Glass Shareholders |
||
|
Shareholders |
Before Direct Listing |
|
|
No. of shares (mln) |
Ownership percentage |
|
|
Obeikan Investment Group |
10.52 |
43.83% |
|
Saudi Advanced Industries Co. (SAIC) |
9.60 |
40% |
|
Shareholders of less than 5% stakes (79 shareholders) |
3.88 |
16.17% |
|
Total |
5000.0 |
100% |
|
Company Profile |
|
|
Company |
Obeikan Glass Co. |
|
Market |
Nomu Parallel Market |
|
Core Activities |
Manufacture and production of all kinds of glass |
|
Status |
Active |
|
Capital |
SAR 240 mln |
|
Direct Listing Highlights |
|
|
Number of Shares |
24 mln shares |
|
Nominal Value |
SAR 10/share |
|
Price guidance |
SAR 68 |
|
Method of Setting Opening Price |
The 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 |
|
Legal Advisor |
Al Azem, Al Sudairy, Al Shaikh & Partners CPA's & Consultants |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}