Logo of Mulkia Investment Co.
Mulkia Investment Co. issued on Sept. 17 a prospectus to sell 1.3 million ordinary shares, or 20% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.
The company’s capital stands at SAR 65 million, divided into 6.5 million shares.
The offering will run from Oct. 22-30.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).
Mulkia Investment was established in 2013 as a Saudi investment firm (closed Saudi joint stock company) with SAR 65 million capital.
Headquartered in Riyadh, Mulkia Investment operates in the securities business including trading and arranging of securities, custody securities, investment management, operation of funds and advisory services.
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Company Profile |
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Company |
Mulkia Investment Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Securities trading, investment management, and fund operations |
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Current Capital |
SAR 65 mln |
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Offer Details |
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Issue Percentage |
20% |
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Offered Shares |
1.3 mln |
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IPO Minimum Size |
10 shares |
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IPO Maximum Size |
324,999 shares |
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Offer Period |
Oct. 22-30, 2023 |
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Final Allocation |
Nov. 6, 2023 |
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Surplus Refunds |
Nov. 8, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares(mln) |
Ownership (%) |
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Mulkia Trading Co. |
1206.6 |
18.56% |
947.9 |
14.58% |
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Nahaz Investment Co. |
1148.3 |
17.67% |
902.2 |
13.88% |
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Ibrahim Mohammed Ibrahim Al-Hadithi |
1148.3 |
17.67% |
902.2 |
13.88% |
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Badr Mohammed Abdulaziz Al-Deghaither |
650.0 |
10.00% |
510.7 |
7.86% |
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Ziad Abdul Latif Ali Al-Issa |
315.0 |
4.85% |
247.5 |
3.81% |
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Others (79 shareholders) |
2031.8 |
31.25% |
1689.5 |
25.99% |
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Qualified investors |
-- |
-- |
1300.0 |
20.00% |
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Total |
6500 |
100% |
6500 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
AlJazira Capital |
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Receiving Banks |
AlJazira Capital and Derayah Financial |
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