The Public Warehousing Company has issued the prospectus of its initial public offering (IPO) on the Nomu Parallel Market, after obtaining the required regulatory approvals, the company said in a statement.
Public Warehousing plans to offer 1.29 million shares, or 30 percent of capital, which will increase its total shares to 4.29 million shares at a set price of SAR 10 per share.
On Aug. 17, the Capital Market Authority approved Public Warehousing’s request to increase capital to SAR 42.9 million from SAR 30 million.
The IPO is set to launch from Oct. 2 to Oct. 15, and will be limited to qualified investors only, as per Nomu regulations.
Mansour Abdulaziz Al Subaie is one of the company’s major stakeholders.
|
Company Profile |
|
|
Company |
Public Warehousing Co. |
|
Stock market |
Nomu Parallel Market |
|
Company’s core business |
Setting up and managing warehouses close to main ports, airports and highways |
|
Company’s status |
Active |
|
Company’s capital before IPO |
SAR 30 mln |
|
Company’s capital after IPO |
SAR 42.86 mln |
|
IPO Details |
|
|
IPO Percentage |
30% |
|
Number of IPO shares |
1.29 mln shares |
|
Issuance price |
Within a price range of SAR 53-63 /share |
|
Subscribers |
Nomu qualified investors |
|
Minimum subscription |
500 shares |
|
Maximum subscription limit |
214,299 shares |
|
Subscription date |
From Oct. 2 until Oct. 15, 2017 |
|
Additional Details |
|
|
Financial advisor & lead manager |
Aljazira Capital |
|
Use of IPO proceeds |
To finance future projects |
|
Major Shareholders |
||||
|
Shareholder |
Number of shares before IPO (‘000) |
Stake before IPO |
Number of shares after IPO (‘000) |
Stake after IPO |
|
Mansour Abdulaziz Al Subaie |
1,500 |
50.0% |
1,500 |
35.0 % |
|
Dalal Khaled Al Subaie |
300 |
10.0% |
300 |
7.0 % |
|
Abdulaziz Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Mishari Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Ahmed Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Fajr Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Hessa Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Mounira Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Fawaz Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Ward Mansour Al Subaie |
150 |
5.0% |
150 |
3.5% |
|
Public |
-- |
-- |
1,286 |
30% |
|
Total |
3,000 |
100.0% |
4,286 |
100.0% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}