Saudi Call Trading publishes prospectus to float 15% stake on Nomu

11/05/2023 Argaam
Logo ofSaudi Call Trading Co.

Logo of Saudi Call Trading Co.


Saudi Call Trading Co. published its prospectus to float 675,000 shares, or 15% of capital, on Nomu-Parallel Market.

 

The offer will run from June 4-11, 2023.

 

The IPO will be limited, as per the rules on the offer of securities and continuing obligations, to qualified investors.

 

Headquartered in Al Khobar, Saudi Call is a Saudi closed joint stock company, established as a sole proprietorship in 2004.

 

The company, as per its commercial register, specializes in the extension of electrical and communications wires, in addition the extension of networks, as well as the installation and extension of computer and communications networks. The firm also resells communications services (distributors), provides mobile virtual network operators (MVNO) and infrastructure wholesale services.

 

The company's current activities are mainly marketing and installing network Internet services represented in optical wires and Wi-Fi (5G).

 

On March 29, the Capital Market Authority (CMA) approved Saudi Call's application to float 15% of its share capital on Nomu, according to data available with Argaam.

 

Company Profile

Company

Saudi Call Trading Co.

Market

Nomu-Parallel Market

Core Activities

 Extension of electrical wires

Capital

SAR 45 mln

 

IPO Summary

Issue Percentage

15%

Offered Shares

675,000

Minimum Limit

10 shares

Maximum Limit

225,000 shares

Offer Period

June 4-11, 2023

Final Allocation

June 18, 2023

Refund (If any)

June 22, 2023

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership

(%)

Number of Shares

(‘000 shares)

Ownership

(%)

Abdullah Mohammed Nasser Al-Sheikh Al-Dosari

2.25

50%

1.91

42.5%

Mohammed Ibrahim Mohammed Al-Sheikh Al-Dosari

2.25

50%

1.91

42.5%

Qualified Investors

--

--

0.68

15%

Total

4.50

100%

4.50

100%

 

Additional Information

Financial Advisor

Marifa Capital

Lead Manager

Al Rajhi Capital

 

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