Logo of Multi Business Group (MBG)
Multi Business Group (MBG) published the prospectus for its initial public offering (IPO) of three million shares, or 25% of its pre-IPO capital, on the Nomu-Parallel Market.
The company’s current capital stands at SAR 12 million, divided into 12 million shares at a nominal value of SAR 1 each.
After the offering and capital increase, the offer shares will represent 20% of MBG’s post-IPO capital.
The offering will run for five working days from Nov. 12-18.
Last September, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.
MBG was founded as a sole proprietorship in Riyadh in 2009 and later transformed into a non-listed joint-stock company.
The company provides contracting services for architectural finishing, interior design, and electrical and mechanical engineering for buildings.
|
Company Profile |
|
|
Company |
Multi Business Group (MBG) |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Design and construction contracting services, including finishing works |
|
Pre-IPO Capital |
SAR 12 mln |
|
Number of Pre-IPO Shares |
12 mln |
|
Post-IPO Capital |
SAR 15 mln |
|
Number of Post-IPO Shares |
15 mln |
|
Par Value |
SAR 1/share |
|
IPO Summary |
|
|
Issue Percentage |
20% of post-IPO capital (representing 25% of pre-IPO capital) |
|
Offered Shares |
3 mln |
|
IPO Minimum Limit |
10 shares |
|
IPO Maximum Limit |
749,999 shares |
|
Offer period |
Five days from Nov. 12-18, 2024 |
|
Final Allocation |
Nov. 21, 2024 |
|
Surplus Refund (If Any) |
Nov. 25, 2024 |
|
Company Shareholders |
||||
|
Shareholders |
Pre-IPO |
Post-IPO |
||
|
Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
|
|
Kosub Holding |
8550 |
71.25% |
8550 |
57.00% |
|
Adel Al Basri* |
3150 |
26.25% |
3150 |
21.00% |
|
Sarah Al Basri |
150 |
1.25% |
150 |
1.00% |
|
Faisal Al Basri |
150 |
1.25% |
150 |
1.00% |
|
Qualified Investors |
-- |
-- |
3000 |
20% |
|
Total |
12000 |
100% |
15000 |
100% |
|
Additional Information |
|
|
Financial Advisor |
Amwal Capital |
|
Lead Manager |
Derayah Financial |
|
Receiving Entities |
Alinma Investment - Al Rajhi Capital - SNB Capital - BSF Capital - Riyad Capital - ANB Capital - Alistithmar Capital - Albilad Capital - AlJazira Capital - Yaqeen Capital - Alkhabeer Capital - SAB Invest - Sahm Capital |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}