Munawla Cargo issues IPO prospectus to offer 200,000 shares on Nomu

31/07/2023 Argaam
Logo ofMunawla Cargo Co.

Logo of Munawla Cargo Co.


Munawla Cargo Co. issued today, July 31, its prospectus to float 200,000 shares, or 20% of its SAR 10 million capital, on Nomu-Parallel Market.

 

The offering will run from Aug. 27-31.

 

Moreover, the offering will be confined to qualified investors, as stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

 

Established as a limited liability company in 1997, Munawla Cargo currently operates as a closed joint stock firm. Based in Dammam, the company specializes in freight services of all kinds.

 

Munawla Cargo's actual activity involves sea and land transport and shipping services, in addition to its air freight and logistical business.


In June, the CMA approved the application received from Munawla Cargo to register and sell 200,000 shares, or 20% of its capital, on Nomu.

 

Company Profile

Company

Munawla Cargo Co.

Market

Nomu-Parallel Market

Core Activities

Shipping services

Capital

SAR 10 mln

 

Offer Details

Issue Percentage

20%

Offered Shares

200,000

IPO Minimum Limit

10 shares

IPO Maximum Limit

49,990 Shares

Offering Period

Aug. 27-31, 2023 (Including the closing day)

Final Allocation

Sept. 5, 2023

Surplus Refunds (if any)

Sept. 7, 2023

 

Additional Information

Financial Advisor

Watheeq Capital

Lead Manager

Derayah Financial

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership%

Number of Shares

(‘000 shares)

Ownership%

Khalid Al-Suqair

492.0

49.20%

392.0

39.20%

Ali Al-Habdan

476.0

47.60%

376.0

37.60%

Public

32.0

3.20%

32.0

3.20%

Qualified Investors

--

--

200.0

20.00%

Total

1000.0

100%

1000.0

100%

 
 

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