Logo of Almajed Oud Co.
Almajed Oud Co. will begin trading on the Saudi Exchange (Tadawul) today, Oct. 7, under the symbol 4165 and ISIN Code SA164HF212H1, at SAR 94 a share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
These fluctuation limits will be applied during the first three days of listing.
From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10% and the static price fluctuation limit will no longer apply.
This is the ninth listing on Saudi Arabia’s Main Market in 2024.
Last year, TASI listed seven companies, including, Al Mawarid Manpower Co., Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma), Morabaha Marina Financing Co. (MRNA), First Milling Co., Lumi Rental Co., ADES Holding Co., and SAL Saudi Logistics Services Co., besides the listing of Alinma Hospitality REIT Fund.
With this listing, the number of companies listed on TASI reached 222, excluding 18 real estate traded funds.
The company offered 7.5 million shares, or 30% of its capital, at SAR 94 per share. 80% of offered shares were allocated to participating parties, while the remaining 20% were allocated to retail investors.
The retail coverage reached 821.3% while the tranche of participating parties was 156.5x subscribed.
Each retail investor received a minimum of six shares, while the remaining shares will be allocated pro rata, based on the demand size of every subscriber to total shares. The allotment ratio amounted to 0.76%.
Company Profile
Founded in 1982 and headquartered in Riyadh, Almajed Oud has around SAR 250 million in capital.
Its main activities include producing and retailing perfumes, oud, incense, aromatic oils, plant-based products, accessories, and gifts.
It offers over 650 products under 132 brands through 286 Almajed Oud stores, an online store, and third-party e-commerce platforms.
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Company Profile |
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Company |
Almajed Oud Co. |
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Market |
TASI |
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Core Activities |
Producing and retailing perfumes, oud, incense, and oils. |
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Capital |
SAR 250 mln |
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Number of Shares |
25 mln |
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Par Value |
SAR 10 |
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Major Shareholders |
||||
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (mln shares) |
Ownership (%) |
Number of Shares (mln shares) |
Ownership (%) |
|
|
Khalid Almajed |
5.625 |
22.5 % |
3.938 |
15.75 % |
|
Saad Almajed |
5.625 |
22.5 % |
3.938 |
15.75 % |
|
Souleiman Almajed |
5.625 |
22.5 % |
3.938 |
15.75 % |
|
Ali Almajed |
5.625 |
22.5 % |
3.938 |
15.75 % |
|
Badr Almajed |
1.250 |
5.0 % |
0.875 |
3.5 % |
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Mohamed Almajed |
1.250 |
5.0 % |
0.875 |
3.5 % |
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Public |
-- |
-- |
7.500 |
30 % |
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Total |
25.00 |
100 % |
25.00 |
100 % |
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