Logo of Intelligent Oud Co. (IOud)
Intelligent Oud Co. (IOud) issued today, Aug. 2, its prospectus to float 325,000 shares, or 20% of its post-IPO capital of SAR 16.25 million (25% of the current capital of SAR 13 million), on Nomu-Parallel Market.
The share sale will run from Sept. 10-12.
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).
IOud is a Saudi joint stock company established in Riyadh in 2010. It is active in the manufacture of oud and incense, as well as in the production and reproduction of fresheners and related oils.
In June, the CMA approved an application submitted by the company to register and offer 325,000 shares on Nomu.
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Company Profile |
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Company |
Intelligent Oud Co. (IOud) |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of oud and incense, alongside the production of oils and perfumes |
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Capital |
SAR 13 mln |
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Post-IPO Capital |
SAR 16.25 mln |
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IPO Summary |
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Issue Percentage |
20% |
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Offered Shares |
325,000 |
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Minimum Limit |
10 shares |
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Maximum Limit |
81,240 shares |
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Offer Period |
Sept. 10-12, 2023 |
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Final Allocation |
Sept. 17, 2023 |
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Refund (if any) |
Sept. 18, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Badr Abdul Rahman Al-Dulaimi |
401.78 |
30.91% |
401.78 |
24.73% |
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Abdul Majeed Abdul Rahman Al-Dulaimi |
334.78 |
25.75% |
334.78 |
20.60% |
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Abdul Latif Abdul Rahman Al-Dulaimi |
167.44 |
12.88% |
167.44 |
10.30% |
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Mohammed Abdul Rahman Al-Dulaimi |
100.44 |
7.73% |
100.44 |
6.18% |
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Public |
295.56 |
22.74% |
295.56 |
38.19% |
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Qualified Investors |
-- |
-- |
325.00 |
20.00% |
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Total |
1300.00 |
100% |
1000.0 |
100% |
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Additional Information |
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Financial Advisor |
TeamOne Consulting |
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Lead Manager |
Derayah Financial |
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