Abdul Aziz Al-Tuwaijri issues prospectus to offer 600,000 shares on Nomu

18/05/2023 Argaam

Abdul Aziz Al-Tuwaijri issues prospectus to offer 600,000 shares on Nomu

Logo of Abdul Aziz Al-Tuwaijri Trading Co.


Abdul Aziz Al-Tuwaijri Trading Co. issued the prospectus to float 600,000 shares on Tadawul's Nomu-Parallel Market.
 

The Capital Market Authority (CMA), on March 29, gave the go-ahead for the company to register and offer 600,000 shares, or 13.04% of its share capital, on Nomu-Parallel Market, according to Argaam's data. 
 

The offer period will run from June 11-15, 2023 to qualified investors.
 

Established in February, 2007, the company operates with SAR 40 million capital, divided into 4 million shares.
 

The company's activities, according to its commercial register, include the wholesale sale of cosmetics, medical devices and supplies, soaps and detergents, online retail, medical devices and products stores, general commodity stores, dry food stores, and management and leasing of non-residential real estate.
 

The company's current actual activity, as stated in the prospectus, is the wholesale sale of foodstuff, hygiene items, personal care and medical supplies through the company-owned stores and warehouses, and the management and leasing of real estate.
 

Company Profile

Company

Abdul Aziz Al-Tuwaijri Trading Co.

Market

Nomu-Parallel Market

Core activities

Selling foodstuff, hygiene items, and medical supplies

Capital

SAR 40 mln

 

IPO Summary

Issue Percentage

13.04%

Offered Shares

600,000 shares

Minimum Limit

10 shares

Maximum Limit

229,990 shares

Offer period

June 11-15, 2023

Final Allocation

June 20, 2023

Refund (if any)

June 22, 2023

 

Company Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership (%)

Number of Shares

(‘000 shares)

Ownership (%)

Mohamed Abdulaziz Ahmed Al-Tuwaijri

1220.0

30.5%

1220.0

26.5%

Khalid Abdulaziz Ahmed Al-Tuwaijri

1220.0

30.5%

1220.0

26.5%

Abdullah Abdulaziz Ahmed Al-Tuwaijri

203.4

5.08%

203.4

4.42%

Akam Investment

184.6

4.62%

184.6

4.01%

Atwaj Investment Co.

169.2

4.23%

169.2

3.38%

Other shareholders owning less than 5% 

1002.7

25.07%

1002.7

21.8%

QFIs

--

--

600.0

13.04%

Total

4000.0

100%

4600.0

100%

 

Additional Information

Financial Advisor and Lead Manager

Yaqeen Capital

 

For More IPOs

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