Logo of Arabian United Float Glass Co. (UFG)
Arabian United Float Glass Co. (UFG) announced the registration document for listing its shares on the Nomu-Parallel Market, setting the guidance price for share trading at SAR 54.
In March, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu, Argaam earlier reported.
Trading the company's shares will be limited to qualified investors as defined by the CMA's regulations and rules.
Established in 2006 in Riyadh, the company's activities, as stated in its commercial register, include manufacturing wooden pallets, mirror glass and float glass.
The company’s current activity is manufacturing, producing, and selling clear glass, shaped glass, and mirrors.
|
Company Profile |
|
|
Company |
Arabian United Float Glass Co. (UFG) |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Production, manufacture, and sale of float glass and mirrors |
|
Status |
Active |
|
Capital |
SAR 170.04 mln |
|
Direct Listing Profile |
|
|
Number of shares |
17.003 mln |
|
Share par value |
SAR 10 |
|
Share price guidance upon listing |
SAR 54 |
|
Method of setting share opening price |
The opening price of the stock shall be set based on the supply and demand 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 limit.
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
|
Qualified investors |
- QFIs - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
|
Company Shareholders |
||
|
Shareholders |
Before Direct Listing |
|
|
Number of Shares (mln) |
Ownership (%) |
|
|
Al-Ayuni Contracting and Investment Co. |
7.17 |
42.16% |
|
Rashid Saad Al-Rashid & Sons Co. |
2.32 |
13.66% |
|
Abdulrahman Saad Al-Rashid & Sons Co. |
2.26 |
13.27% |
|
National Gas and Industrialization Co. (GASCO) |
1.87 |
11.01% |
|
Other shareholders owning less than 5% (49 shareholders) |
3.38 |
19.91% |
|
Qualified investors |
-- |
-- |
|
Total |
17.00 |
100% |
|
Additional Information |
|
|
Financial Advisor |
Yaqeen Capital |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}