Logo of Osool & Bakheet Investment Co.
Osool & Bakheet Investment Co. issued today, Sept. 25, a prospectus to sell 1.5 million ordinary shares, or 18.52% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.
According to the prospectus, the company will issue 2.1 million new shares, representing 25.92% of its post-increase capital, of which 1.5 million shares will be offered to qualified investors, while 600,000 shares, representing about 7.40%, will be allocated to the portfolio of employee incentive program as treasury shares.
The offering will run from Oct. 15-19.
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).
Established in 2005, Osool & Bakheet Investment Co. operates with SAR 60 million capital, which will rise to SAR 81 million following the offering.
The company's main activities are represented in dealing in securities, custody of securities, investment management and fund operation.
The CMA approved on June 22 the application received from the company to register its shares in direct listing on Nomu.
|
Company Profile |
|
|
Company |
Osool & Bakheet Investment Co. |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Dealing in securities, investment management, fund operation. |
|
Capital |
SAR 60 mln |
|
Post-IPO Capital |
SAR 81 mln |
|
IPO Summary |
|
|
Issue Percentage |
18.519% |
|
Offered shares |
1.5 mln shares |
|
Issued Treasury Shares |
600,000 shares (representing 7.407% of total post-increase shares) |
|
Total Issued Shares |
2.1 million shares (representing 25.926% of total post-increase shares) |
|
Minimum Limit |
10 shares |
|
Maximum Limit |
404,999 shares |
|
Offer period |
From Oct. 15-19. |
|
Final Allocation |
Oct. 24, 2023 |
|
Refund (if any) |
Oct. 26, 2023 |
|
Company Shareholders |
||||
|
Shareholders |
Before IPO |
Post-IPO |
||
|
Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
|
|
Bishr Mohammed Burhan Al-Din Yassin Bakheet |
1344.13 |
22.40% |
1344.13 |
16.59% |
|
Abdul Rahman Yahya Abdullah Al Yahya |
756.97 |
12.62% |
756.97 |
9.35% |
|
Saleh Mohammed Saleh Al-Hajjaj |
750.00 |
12.50% |
750.00 |
9.26% |
|
Sultan Yahya Abdullah Al Yahya |
345.00 |
5.75% |
345.00 |
4.26% |
|
Mansour Yahya Abdullah Al Yahya |
345.00 |
5.75% |
345.00 |
4.26% |
|
Mazen Mohammed Nasser Al-Daoud |
309.37 |
5.16% |
309.37 |
3.82% |
|
Khaled Abdul Rahman Mohammed Al-Mousa |
269.75 |
4.50% |
269.75 |
3.33% |
|
Abdul Wahab Abdul Karim Abdul Rahman Al Butairi |
1.00 |
0.02% |
1.00 |
0.01% |
|
Other shareholders owning less than 5% and the public |
1878.77 |
31.31% |
1878.77 |
23.20% |
|
Osool & Bakheet Investment (treasury shares) |
-- |
-- |
600.00 |
7.41% |
|
Qualified Investors |
-- |
-- |
1500.00 |
18.52% |
|
Total |
6000 |
100% |
8100 |
100% |
|
Additional Information |
|
|
Financial Advisor |
Amwal Capital |
|
Lead Manager |
SICO Capital |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}