Logo of Alshehili Co.
Qualified investors start today, Jan. 5, subscription to Alshehili Co.'s 500,000 shares on the Nomu-Parallel Market. The price range was set between SAR 76 and SAR 80.
The offered shares represent 25% of the company's pre-IPO capital, currently valued at SAR 20 million, divided into 2 million shares with a nominal value of SAR 10 each. These shares also make up 20% of the post-IPO capital.
Following the IPO, the company's capital will be raised to SAR 25 million, divided into 2.5 million shares.
The subscription period will run for seven days until Jan. 13.
The IPO of Alshehili today marks the first IPOs of 2025.
The Parallel Market witnessed 28 IPOs in 2024.
The Capital Market Authority (CMA) approved, on Oct. 28, 2024, the company’s request to register and float its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts. This is in addition to clients of capital market institutions authorized to carry out management operations, provided they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government, or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center Co. (Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Additionally, the qualified investors include any legal person entitled to open investment accounts inside the Kingdom and with Edaa, as well as natural persons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:
They should have executed transactions in the capital markets worth a minimum of SAR 40 million and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.
They should hold a CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors also includes any other persons as defined by the CMA.
Company Profile
Founded as a sole proprietorship in August 2005, Alshehili is headquartered in Riyadh.
The company specializes in manufacturing semi-trailers, tankers, and material handling vehicles for construction trucks, truck heads, cooling units, bodies, and tail lifts, along with offering maintenance, repair, and modification services.
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Company Profile |
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Company |
Alshehili Co. for Metal Industries |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of trailers, vehicle production, and refrigeration units |
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Pre-IPO Capital |
SAR 20 mln |
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Number of Pre-IPO Shares |
2 mln |
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Post-IPO Capital |
SAR 25 mln |
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Number of Post-IPO Shares |
2.5 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
20% of post-IPO capital (25% of pre-IPO capital) |
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Offered Shares |
500,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
124,990 shares |
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Offer period |
7 days (Jan. 5-13) |
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Final Allocation |
Jan. 16, 2025 |
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Surplus Refund (If Any) |
Jan. 20, 2025 |
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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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Hala Fahad Nasser Alshehili |
1,468.6 |
73.4% |
1,468.6 |
58.7% |
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Mishari Mutrib Ammar Al-Jubail |
90.0 |
4.5% |
90 |
3.6% |
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Rana Fahad Nasser Alshehili |
90.0 |
4.5% |
90 |
3.6% |
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Sana Fahad Nasser Alshehili |
90.0 |
4.5% |
90 |
3.6% |
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Abdullah Mohammed Abdullah Al-Abdullatif |
61.4 |
3.1% |
61.4 |
2.5% |
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Ali Al-Mohammed Al-Muneif & Brothers Co. |
57.1 |
2.9% |
57.1 |
2.3% |
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Maryam Abdulhadi Al-Fandi |
54.3 |
2.7% |
54.3 |
2.2% |
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Ahmed Samher Ali Al-Harbi |
28.6 |
1.4% |
28.6 |
1.1% |
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Saif Abdullah Mohammed Al-Abdullatif |
14.3 |
0.7% |
14.3 |
0.6% |
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Malik Abdullah Mohammed Al-Abdullatif |
14.3 |
0.7% |
14.3 |
0.6% |
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Mohammed Hassan Abdulrahman Al-Sabah |
14.3 |
0.7% |
14.3 |
0.6% |
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Youssef Nasser Alshehili |
10.0 |
0.5% |
10.0 |
0.4% |
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Faiz Nasser Alshehili |
7.1 |
0.4% |
7.1 |
0.3% |
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Qualified Investors |
-- |
-- |
500 |
20% |
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Total |
2,000 |
100% |
2,500 |
100% |
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Additional Information |
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Financial Advisor |
Arbah Capital |
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Lead Manager |
Forsa Capital |
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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 - Derayah Financial |
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