Leaf Global issues prospectus to float 1.5M shares on Nomu

02/05/2024 Argaam
Logo ofLeaf Global Environmental Services Co.

Logo of Leaf Global Environmental Services Co.


Leaf Global Environmental Services Co. published the prospectus for offering 1.5 million shares, or 30% of its share capital, on the Nomu-Parallel Market, at a nominal value of SAR 5 per share.

 

For More IPOs

 

In March, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.

 

The share sale will run for five working days from May 26-30. It will be limited to qualified investors stipulated in the glossary of defined terms used in the CMA’s regulations and rules.

 

The company's actual activity is represented in environmental services, most notably environmental impact assessment, environmental compliance monitoring, construction management plan, ground surveys, environmental surveys, marine environment surveys, and marine monitoring such as water quality and seaweed, water, soil and sediment analysis. This is in addition to developing coral reefs and planting mangroves.

 

Company Profile

Company 

Leaf Global Environmental Services Co.

Market 

Nomu-Parallel Market 

Core Activities 

Environmental services

Capital 

SAR 25 mln

Number of Shares 

5 mln

Nominal Value 

SAR 5/share

 

IPO Summary

Issue Percentage

30%

Offered Shares

1.5 mln

IPO Minimum Limit

10 shares

IPO Maximum Limit

249,999 shares

Offer Period

May 26-30, 2024

Final Allocation

June 6, 2024

Surplus Refund (If any)

June 11, 2024

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(mln shares)

Ownership (%)

Number of Shares

(mln shares)

Ownership (%)

Abdullah Saleh Mohammed Bin Laden

3.30

66.0%

3.275

65.5%

Ghaith Saleh Mohammed Bin Laden

1.70

34.0%

0.225

4.5%

The public (Qualified investors)

--

--

1.5

30.0%

Total

5.0

100%

5.0

100%

 

Additional Information

Financial Advisor and Lead Manager

Al Khair Capital

Receiving Entities

SNB Capital - Al Rajhi Capital - Saudi Fransi Capital - Riyad Capital - Albilad Capital - AlJazira Capital - Alinma Investment - Derayah Financial

 

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