Logo of Leen Alkhair Trading Co.
Leen Alkhair Trading Co. issued today, Nov. 3, the prospectus to its planned initial public offering (IPO) of 958,750 shares, representing 23.5% of its share capital, on Nomu-Parallel Market.
The Capital Market Authority (CMA) approved, on Sept. 28, the company's application to float part of its shares on Nomu, according to Argaam’s data.
Leen Alkhair’s main activities, according to the commercial register, are represented in the wholesale sale of vegetables, fruits, meat, dairy products, dates and other foodstuffs.
The offering, which will be limited to qualified investors, will run between Dec. 4-8, 2022, the prospectus indicated.
The following tables show the main details of Leen Alkhair’s IPO:
|
Company Profile |
|
|
Company |
Leen Alkhair Trading Co. |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Import and marketing of fresh vegetables and fruits |
|
Pre-IPO Capital |
SAR 36.72 mln |
|
Post-IPO Capital |
SAR 40.80 mln |
|
IPO Summary |
|
|
Issue Percentage |
23.5% |
|
Offered Shares |
958,750 |
|
Subscriber Eligibility |
Qualified investors |
|
Minimum Limit |
10 shares |
|
Maximum Limit |
203,979 shares |
|
Subscription Period |
Dec. 4-8, 2022 |
|
Final Allocation |
Dec. 13, 2022 |
|
Surplus Refund (if any) |
Dec. 15, 2022 |
|
Company Shareholders |
||||
|
Shareholder |
Pre-IPO |
Post-IPO |
||
|
Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
|
|
Abdullah Al Shuraim |
1396.00 |
38.02% |
1186.60 |
29.08% |
|
Saud Al Shuraim |
523.50 |
14.26% |
444.98 |
10.91% |
|
Mohamed Al Shuraim |
261.75 |
7.13% |
222.49 |
5.45% |
|
Fatima AlOthman |
256.19 |
6.98% |
217.76 |
5.34% |
|
Five-Percent Shareholders (10 in total) |
4.07 |
0.14% |
3.46 |
0.12% |
|
Public (279 shareholders) |
1230.29 |
33.51% |
1045.74 |
25.63% |
|
Qualified Investors |
-- |
-- |
958.75 |
23.50% |
|
Total |
3671.80 |
100% |
4079.8 |
100% |
|
Additional Information |
|
|
Financial Advisor and Underwriting Manager |
Yaqeen Capital |
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