TAM Development publishes prospectus to float 585,600 shares on Nomu

12/04/2023 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.


TAM Development Co. published its prospectus to offer 585,600 shares, or 16% of capital, on Nomu-Parallel Market.

 

The CMA approved the company's offering on Dec. 29, 2022.

 

The initial public offering (IPO) will run from May 21-25 for qualified investors.  

 

TAM operates with SAR 36.6 million capital, divided into 3.66 million shares.

 

The company, as per its commercial register, specializes in public relations and communication, senior management consulting, ad institutions and agencies, market research and opinion polls, as well as business incubators and accelerators.

 

Company Profile

Company

TAM Development Co.

Market

Nomu-Parallel Market

Core Activities

Providing advisory services, as well as project and technical solutions management

Capital

SAR 36.60 mln

 

IPO Summary

Issue Percentage

16%

Offered Shares

585,600

Minimum Limit

10 shares

Maximum Limit

182,990 shares

Offer Period

May 21-25, 2023

Final Allocation

May 30, 2023

Refund (If any)

June 1, 2023

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership

(%)

Number of Shares

(‘000 shares)

Ownership

(%)

Abdullah Anwar Muhammad Yusuf Andjani

890.73

24.34%

732.38

20.01%

Ain Development Investment Co.

734.78

20.08%

604.15

16.51%

Salem Salah Salem Bamakhrama

523.31

14.30%

430.28

11.76%

Maalem Al Masah Real Estate Co.

511.43

13.97%

420.51

11.49%

Faisal Business Co.

329.40

9.00%

270.84

7.40%

Ahmed Mazen Ahmed Al-Shugairi

117.70

3.22%

96.78

2.64%

Emad Ali Yahya Daghriri

94.71

2.59%

77.88

2.13%

Fatima Fayez Ibrahim Badr

91.92

2.51%

75.58

2.07%

Treasury shares

365.99

10.00%

356.99

10.00%

Qualified Investors

--

--

585.60

16.00%

Total

3660.00

100%

3660.00

100%

 

Additional Information

Financial Advisor and Lead Manager

Yaqeen Capital

 

 

 

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