Logo of Mufeed Co.
The shares to be offered represent 10% of the company's capital before the increase, which currently stands at SAR 60 million, divided into 6 million shares with a nominal value of SAR 10 per share. After the offering and capital increase, the shares will represent 9.09% of the total capital.
The Capital Market Authority (CMA) approved on June 5 Mufeed’s application to float its shares on Nomu.
The offering period for qualified investors will run from Nov. 03 till Nov. 11, 2024.
The share sale will be limited to qualified investors as stipulated in the glossary of defined terms used in the regulations and rules of the CMA.
Founded on October 19, 2009, in Riyadh, Mufeed specializes in organizing, executing, and hosting various events, providing lighting and sound systems, as well as display screens for events. It also offers all necessary equipment and designs for exhibitions and theaters, event documentation, photography, and television broadcasting, along with executing marketing campaigns.
According to its commercial registration, the company’s activities include renting equipment for film production, ticket sales and reservations for various events, and organizing and managing exhibitions, conferences, and crowd management.
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Company Profile |
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Company |
Mufeed Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Organizing and holding events, exhibitions and their requirements |
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Pre-IPO Capital |
SAR 60 mln |
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Number of shares |
6 mln shares |
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Post-IPO Capital |
SAR 66 mln |
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Number of shares after IPO |
6.6 mln |
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Share Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
10% of pre-IPO capital 9.09% of post-IPO capital |
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Offered shares |
600,000 shares |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
329,990 shares |
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Offer period |
From Sunday, Nov. 3-11, 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 |
Pre-IPO |
Post-IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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|
Wafi Said Algahtani |
4.08 |
68.0% |
4.08 |
61.8% |
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Nayef Awad Al-Otaibi |
1.32 |
22.0% |
1.32 |
20.0% |
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Ouhod Taleh Al Shafie |
0.24 |
4.0% |
0.24 |
3.6% |
|
Gaswara Said Algahtani |
0.18 |
3.0% |
0.18 |
2.7% |
|
Abdulilah Nayef Awad Al-Otaibi |
0.18 |
3.0% |
0.18 |
2.7% |
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The public (Qualified investors) |
-- |
-- |
0.60 |
9.09% |
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Total |
6.0 |
100% |
6.6 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Value 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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