AI Summary
Logo of Axelerated Solutions for Information and Communication Technology Co.
Axelerated Solutions for Information and Communication Technology Co. issued the prospectus for offering 3 million shares on the Nomu-Parallel Market.
The offered shares represent 12% of the company’s pre-IPO share capital, and 10.71% of post-IPO capital.
The company is currently capitalized at SAR 25 million. The post-IPO capital will amount to SAR 30 million, divided into 30 million shares at par value of SAR 1 each.
The share sale will run for seven working days from May 15-21, 2025.
The Capital Market Authority (CMA) approved in December 2024 the application received from the company to register its shares on Nomu.
Established in 2015 with headquarters in Riyadh, the company offers managed and operational services, software licensing, PCs, and their accessories.
|
Company Profile |
|
|
Company |
Axelerated Solutions for Information and Communication Technology Co. |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
ICT |
|
Capital before IPO |
SAR 25 mln |
|
No. of Shares |
25 mln |
|
Capital after IPO |
SAR 30 mln |
|
Number of shares |
30 mln |
|
Share Par Value |
SAR 1 |
|
IPO Summary |
|
|
Issue Percentage |
10.71% Post IPO (12% of pre-IPO capital) |
|
Offered Shares |
3 mln |
|
IPO Minimum Limit |
100 shares |
|
IPO Maximum Limit |
1,399,900 shares |
|
Offer period |
The share sale will run for seven working days from May 15-21, 2025 |
|
Final Allocation |
May 26, 2025 |
|
Refund (if any) |
May 28 |
|
Company Shareholders |
||||
|
Shareholders |
Before IPO |
Post-Offering |
||
|
No. of Shares (mln) |
Ownership (%) |
No. of Shares (mln) |
Ownership (%) |
|
|
Ahmed Abdulaziz Ibrahim Al-Usaili |
10.00 |
40.00% |
10.00 |
35.71% |
|
Abdullah Abdulaziz Ibrahim Al-Usaili |
7.50 |
30.00% |
7.50 |
26.79% |
|
Yousef Abdulaziz Ibrahim Al-Usaili |
7.50 |
30.00% |
7.50 |
26.79% |
|
New shares to qualified investors |
-- |
-- |
3.00 |
10.71% |
|
Total |
25.00 |
100% |
28.00 |
100% |
|
Additional Information |
|
|
Financial Advisor and Lead Manager |
Value Capital |
|
Receiving Banks |
Derayah Financial, SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, AlJazira Capital, Alistithmar Capital, Albilad Capital, ANB Capital, SAB Invest, Yaqeen Capital, Alkhabeer Capital, Sahm Capital, GIB Capital |
Be the first to comment
Comments Analysis: