Al-Kathiri Holding to launch IPO on Nomu today

30/05/2017 Argaam

Al-Kathiri Holding Co. will launch today its initial public offering (IPO) on Nomu Parallel Market to  sell 26.1 percent of capital, or 819,000 shares to qualified investors, FALCOM Financial Services (Falcom) said in a statement.

 

Al-Kathiri’s IPO is Nomu’s ninth since its launch in February, and it will run till June 6, 2017.

 

According to the company’s prospectus, the minimum share limit is 10 shares and the maximum is 156,965 shares. The allotment date is June 8, 2017.

 

The company has named Banque Saudi Fransi as the receiving bank. Its main bankers are National Commercial Bank, Riyad Bank and Al-Rajhi Bank.

 

The company, which is capitalized at SAR 27.3 million, is engaged in the field of contracting, wholesale and retail sale of building materials.

 

IPO Details

26.1% of capital

IPO percentage

819,000

No. of shares offered

Qualified investors as defined by CMA

Subscriber eligibility

10 shares

Minimum limit

156,965 shares

Maximum limit

May 30, 2017-June 6, 2017

IPO period

June 8, 2017

Allotment date

June 12, 2017

Re-underwriting Date

 

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