Saudi Parts Center issues registration document for direct listing on Nomu, sets price guidance at SAR 49

23/01/2022 Argaam
Logo ofSaudi PartsCenter

Logo of Saudi Parts Center 


Saudi Parts Center (SPC) announced today, Jan. 23, the registration document for the direct listing of its shares on Parallel Market-Nomu.

 

The company set the price guidance per share at SAR 49.

 

In December 2021, the Capital Market Authority (CMA) approved the registration of Saudi Parts Center’s shares for the purpose of direct listing on Nomu.

 

The company was established in 1988 as a closed joint stock company. Its capital currently reaches SAR 30 million.

 

Saudi Parts Center Shareholders

Shareholders

Before Direct Listing

No. of shares ('000)

Ownership percentage

Alkhorayef Group Co.

2100

70.00 %

Nama Alkhorayef

150.00

5.00 %

Hamad Abdullah I. Alkhorayef

36.06

1.20 %

Saad Abdullah I. Alkhorayef

36.06

1.20 %

Mohammed Abdullah I. Alkhorayef

36.06

1.20 %

Jawaher Abdullah I. Alkhorayef

18.00

0.60 %

Sara Abdullah I. Alkhorayef

18.00

0.60 %

Abdullah Abdullah I. Alkhorayef

5.82

0.19 %

Shareholders owning less than 5% stake (51 shareholders)

600.00

20.00 %

Total

3000.00

100.00 %

 

Company Profile

Company 

AME Medical Supplies

Market

Parallel Market Nomu 

Core Activities

Repair and maintenance of engines, electricity generates and steam generators

Status

Active

Capital

SAR 30 mln

 

Direct Listing Profile 

Number of Shares

3 mln

Nominal Value

SAR 10/share

Price guidance 

SAR 49

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 moreto whom the lock-up period shall apply). 

- Qualified investors categories

 

Additional Information

Financial advisor

Falcom Financial Services

Legal Advisor

Ernst & Young

 

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