Logo of Al-Rashid Industrial Co.
Al-Rashid Industrial Co. announced the registration document for the direct listing of its shares on Nomu-Parallel Market, setting the price guidance for trading its shares at SAR 25.
Last June, the Capital Market Authority (CMA) approved Al-Rashid Industrial’s application to float its shares on Nomu in direct listing, Argaam earlier reported.
Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
Established in Riyadh in 1969, the company is capitalized at SAR 80 million, divided into eight million shares, at a par value of SAR 10 per share.
The company's activities, as per its commercial register, are represented in transformative industries, including the manufacturing of plastic cans and containers, as well as bottles of various types.
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Company Profile |
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Company |
Al-Rashid Industrial Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Transformative industries |
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Status |
Active |
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Capital |
SAR 80 mln |
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Direct Listing Profile |
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Number of Shares |
8 mln |
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Share Nominal Value |
SAR 10 |
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Price Guidance upon Listing |
SAR 25 |
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Method of Setting Share Opening Price |
The opening price of the stock shall be set based on the supply and demand for the stock through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a +/-30% daily fluctuation ratio.
The price guidance is considered a reference only for the fair market value, which is the debut price for the debut day only. |
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Qualified Investors |
- Qualified investors - Current shareholders (Excluding owners of a 5% stake or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholders |
Pre-Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Fahd Abdulaziz Al-Rashid Al-Humaid |
2240.00 |
28% |
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Mohamed Abdulaziz Al-Rashid Al-Humaid |
2240.00 |
28% |
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Asmaa Abdulaziz Al-Rashid Al-Humaid |
1120.00 |
14% |
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Loaloa Abdullah Shalash Alshalash |
800.00 |
10% |
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Other shareholders (100 shareholders) |
1600.00 |
20% |
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Total |
8000.00 |
100% |
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Additional Information |
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Financial Advisor |
AlKhair Capital |
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