Logo of AlBabtain Food
Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) issued prospectus for floating 544,000 shares on Nomu-Parallel Market.
The company will offer 16% of its SAR 34 million capital, which is divided into 3.40 million shares.
On June 29, the Capital Market Authority (CMA) approved the company’s application to offer 544,000 shares on Nomu.
The offering will run from Sept. 25-28 and will be confined to qualified investors, the CMA said in a statement.
The company has SAR 50 million capital, divided into five million shares.
AlBabtain Food operates in the wholesale of foods and beverages.
Company Profile |
|
Company |
Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) |
Market |
Nomu-Parallel Market |
Core Activities |
Wholesale of foods and beverages |
Current Capital |
SAR 34 mln |
Post-IPO Capital |
SAR 34 mln |
IPO Summary |
|
Issue percentage ( %) |
16 % |
Number of shares offered |
544,000 |
Minimum limit |
10 shares |
Maximum limit |
169,990 shares |
Subscription period |
Sept. 25-28, 2022 |
Final allocation |
Oct. 3, 2022 |
Surplus Refund (if any) |
Oct. 9, 2022 |
Company Shareholders |
||||
Shareholders |
Before IPO |
Post-IPO |
||
Number of Shares (‘000 shares) |
Ownership % |
Number of Shares (‘000 shares) |
Ownership % |
|
Mansour Ibrahim AlBabtain |
1985.6 |
58.4% |
1667.9 |
49.1 % |
Abdulaziz Ibrahim AlBabtain |
652.8 |
19.2 % |
548.4 |
16.1 % |
Ghada Ibrahim AlBabtain |
165.4 |
4.9 % |
138.9 |
4.1 % |
Ibrahim Mansour AlBabtain |
165.4 |
4.9 % |
138.9 |
4.1 % |
Abdulmohsen Ibrahim AlBabtain |
165.4 |
4.9 % |
138.9 |
4.1 % |
Ebtisam Abdulaziz AlBabtain |
163.1 |
4.8 % |
137.0 |
4.0 % |
Saud Al-Hadlaq |
81.6 |
2.4 % |
68.5 |
2.0 % |
Remaining Shareholders |
0.4 |
0.01 % |
0.4 |
0.1 % |
Public |
-- |
-- |
3.4 |
16 % |
Total |
2500 |
100% |
3125 |
100% |
Additional Information |
|
Financial Advisor and Lead Manager |
Yaqeen Capital |
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