Logo of International Unions for Trade Co. (IUTC)
International Unions for Trade Co. (IUTC) issued today, Jan. 8, the prospectus to list 13% of its capital, representing 247,000 shares, on the Nomu-Parallel Market.
The share offering will be limited to qualified investors and will run for five days from Feb. 2-6.
In October 2024, the CMA approved the company's application to list its shares on Nomu.
Founded in Riyadh in 2012, IUTC operates in the water, wastewater, and energy sectors across Saudi Arabia, the Middle East, and North Africa.
The company specializes in infrastructure, water and wastewater networks, and advanced flow control solutions. It also manufactures and distributes smart metering products, ductile iron pipes, pipe fittings, and valves for potable water and sewage projects.
IUTC owns Rex Arabia Industries Co., a subsidiary engaged in casting iron and steel (finished and semi-finished products), as well as manufacturing pipes, tubes, and fittings.
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Company |
International Unions for Trade Co. (IUTC) |
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Market |
Nomu-Parallel Market |
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Core Activities |
Infrastructure, water & sewerage services |
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Pre-IPO Capital |
SAR 19 mln |
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Number of Shares |
1.9 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
13% |
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Offered Shares |
247,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
94,990 shares |
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Offer Period |
Five working days from Feb. 2-6, 2025 |
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Final Allocation |
Feb. 11, 2025 |
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Surplus Refund (if any) |
Feb. 13, 2025 |
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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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Abdulaziz Al-Otaibi |
1,884.8 |
99.20% |
1,637.8 |
86.20% |
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Raed Al-Otaibi |
15.2 |
0.80% |
15.2 |
0.80% |
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Qualified Investors |
-- |
-- |
247.0 |
13.00% |
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Total |
1,900 |
100.00% |
1,900 |
100% |
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Additional Information |
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Financial Advisor & Lead Manager |
Yaqeen Capital |
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Receiving Entities |
Alinma Investment, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Derayah Financial |
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