Logo of Al-Fakhera Men's Tailoring
Al-Fakhera Men's Tailoring Co. published the prospectus to offer six million shares, or 20% of its share capital, on the Nomu-Parallel Market.
The company’s capital stands at SAR 30 million, divided into 30 million shares at a nominal value of SAR 1 each.
On June 12, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.
The retail offering will run only for qualified investors from Nov. 3-11.
The company was founded in March 1978 in Riyadh and has 21 branches. Its actual business involves tailoring and selling men's clothes and their accessories.
According to its commercial registration, the company's business activities, as outlined in its prospectus, include tailoring men's Arabian and non-Arabian clothes as well as the retail sale of luxury goods and clothes accessories.
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Company Profile |
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Company |
Al-Fakhera Men's Tailoring Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Men's tailoring |
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Pre-IPO Capital |
SAR 30 mln |
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Number of Shares before IPO |
30 mln |
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Post-IPO Capital |
SAR 36 mln |
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Number of Shares after IPO |
36 mln |
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Share Par Value |
SAR 1 |
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IPO Summary |
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Issue Percentage |
16.67% of post-IPO capital (representing 20% pre-IPO capital) |
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Offered Shares |
6 mln |
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IPO Minimum Limit |
100 shares |
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IPO Maximum Limit |
1.8 mln |
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Offer Period |
For nine days from Nov. 03-11, 2024 |
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Final Allocation |
Nov. 14, 2024 |
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Surplus Refund (if any) |
Nov. 18, 2024 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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Sulaiman Hamad Al-Yahya |
25.65 |
85.5% |
25.65 |
71.25% |
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Sulaiman Al-Yahya Endowment |
2.85 |
9.5% |
2.85 |
7.92% |
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21 members of Al-Yahya's family* |
1.5 |
5% |
1.5 |
4.16% |
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Public (Qualified investors) |
-- |
-- |
6 |
16.67% |
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Total |
30 |
100% |
36 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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Receiving Entities |
Al Rajhi Capital - Albilad Capital - Riyad Capital - SNB Capital - Alistithmar Capital - Alinma Investment - AlJazira Capital - ANB Capital - SAB Invest- Derayah Financial - Saudi Fransi Capital - Yaqeen Capital - Alkhabeer Capital - Sahm Capital |
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