Logo of Al-Fakhera Men's Tailoring
Al-Fakhera Men's Tailoring Co. published the prospectus to offer 6 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 from Nov. 3-11.
It will be only for qualified investors.
The company was founded in March 1978 in Riyadh and has 21 branches. Its actual activity is represented in tailoring men's clothes, their accessories and the sale of men's cloth.
According to its commercial registration, the company's business activities, as outlined in its prospectus, include tailoring men's Arabian and non-Arabian clothes, retail sale of 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 (which represents 20% pre-IPO capital) |
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Offered shares |
6 mln shares |
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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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Refund (if any) |
Nov. 18, 2024 |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of Shares (mln shares) |
Ownership (%) |
Number of Shares (mln shares) |
Ownership (%) |
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Sulaiman Hamad Al-Yahia |
25.65 |
85.5% |
25.65 |
71.25% |
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Qagf Sulaiman Al-Yahia |
2.85 |
9.5% |
2.85 |
7.92% |
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21 individuals from Al-Yahia's family* |
1.5 |
5% |
1.5 |
4.16% |
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The public (QFIs) |
-- |
-- |
6 |
16.67% |
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Total |
30 |
100% |
36 |
100% |
*Each holds 71,430 shares, equally owned per person before and after IPO
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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Receiving Banks |
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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