Logo of Naas Petrol Factory Co.
Naas Petrol Factory Co. issued the registration document for listing its shares on Nomu-Parallel Market, setting the price guidance at SAR 49 per share.
In March, the Capital Market Authority (CMA) approved the company’s application for a direct listing on Nomu.
Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
Naas Petrol was established as a limited liability company in Riyadh in 2010, before being converted into a closed joint stock company in June 2022.
Its current actual activity includes the manufacturing of refined petroleum products and the production of engine and equipment oils, hydraulic products, lubricants for gasoline and diesel engines, and transmission oils.
The company’s activities, as stated in its commercial register, include the production of lubricant oils for equipment and engines; land transportation of goods; transportation of liquids or liquefied gases; transportation of radioactive sources; wholesale sale of liquid fuels including (sale of crude oil and petroleum refining products); wholesale sale of lubricants and refined petroleum products; retail sale of automobile and motorcycle fuels (fuel stations); retail sale of oils and lubricants; and the operation of electric vehicle charging stations.
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Company Profile |
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Company |
Naas Petrol Factory Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of refined petroleum products |
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Status |
Active |
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Capital |
SAR 30 mln |
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Direct Listing Profile |
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Number of offer shares |
3 mln |
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Par Value |
SAR 10 |
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Price guidance |
SAR 49 |
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Method of setting share opening |
Based on the supply and demand for the stock through the pre-opening auction mechanism. During this 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 limit
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only |
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Qualified investors |
- QFIs - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholder |
Pre-Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Salman Mohsen Raji Al-Mutairi |
1230.00 |
41% |
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Saad Madath Faris Al-Otaibi |
615.00 |
20.5% |
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Mohamed Faris Khazam Al-Otaibi |
615.00 |
20.5% |
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Rakan Salman Mohsen Al-Mutairi |
147.00 |
4.9% |
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Sultan Mohamed Faris Al-Otaibi |
144.00 |
4.8% |
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Shahd Saad Madath Al-Otaibi |
141.00 |
4.7% |
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Marzouq Alitha Abbad Al-Mutairi |
108.00 |
3.6% |
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Total |
3000.00 |
100.00% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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