AlBabtain Food issues prospectus to offer 16% stake on Nomu

01/09/2022 Argaam
Logo of AlBabtain Food

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

 

For more IPOs

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