Logo of Multi Business Group for Projects Co. (MBG)
Shares of Multi Business Group for Projects Co. (MBG) will start trading on the Nomu-Parallel Market today, Dec. 4, with the symbol 9619 and ISIN Code SA165G7KM9H1, at SAR 15 apiece.
The stock will trade with a daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
MBG offered three million shares on Nomu, representing 20% of its post-IPO capital, with coverage ratio of 265%.
This is the 26th listing on Nomu this year, including three direct listings, and 23 offerings to qualified investors.
Last year, Nomu witnessed 35 IPOs, including six direct listings, and 29 offerings to qualified investors, in addition to one REIT.
MBG will bring the number of listed companies on Nomu to 103, in addition to Alwaha REIT Fund.
Company Profile
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 |
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% |
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