Multi Business Group shares debut on Nomu today

04/12/2024 Argaam Special
Logo ofMulti Business Group for Projects Co.(MBG)

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.

 

For More IPOs

 

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%

*Kosub Holding is fully owned by Adel Al Basri.

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