Logo of Arabica Star Co.
Arabica Star Co. issued today, Oct. 27, its prospectus to float 275,000 shares on Nomu-Parallel Market.
The offered shares represent 20% of the company’s post-initial public offering (IPO) capital (25% of pre-IPO capital).
The share sale will run for five working days from Nov. 17-21.
The Capital Market Authority (CMA) approved, on Sept. 4, the company's Nomu offering application.
Arabica Star was established in 2012 in Buraydah. Its current actual activity, as of the prospectus announcement, is to establish and operate beverage shops (coffee shops) and restaurants.
Its business activities are represented in table-serve restaurants; meal-only activities (take out); mobile food trucks; coffee shops; ice cream shops; and fresh juices and cold drinks.
The company owns seven sub-registers distributed across Riyadh, Buraydah, Al Rass and Unaizah. One sub-register is based in Riyadh, where the company's products are showcased through kiosks, with four others in Buraydah (including kiosks and restaurants owned by the company). Each of Unaizah and Al Rass boast one sub-register, both used to vend the company's products through kiosks in the two cities.
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Company Profile |
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Company |
Arabica Star Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Establish and operate beverage shops (coffee shops) |
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Pre-IPO Capital |
SAR 11 mln |
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Number of Shares |
1.1 mln |
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Post-IPO Capital |
SAR 13.75 mln |
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New Number of Shares |
1.375 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
25% of pre-IPO capital 20% of post-IPO capital |
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Offered Shares |
275,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
68,740 shares |
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Offer Period |
Nov. 17-21, 2024 |
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Final Allocation |
Nov. 26, 2024 |
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Surplus Refund (If Any) |
Nov. 28, 2024 |
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Company Shareholders |
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Shareholder |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Hammoud Mohammed Saleh Al-Hamoud |
1098.90 |
99.90% |
1098.90 |
79.92% |
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Qamasha Ibrahim Abdulaziz Al-Hamid |
1.10 |
0.10% |
1.10 |
0.08% |
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The public (Qualified Investors) |
-- |
-- |
275.00 |
20.00% |
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Total |
1100.00 |
100% |
1375.00 |
100% |
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Additional Information |
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Financial Advisor & Lead Manager |
Yaqeen Capital |
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Receiving Entities |
Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Sahm Capital |
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