Academy of Learning announces Nomu listing document; sets price guidance at SAR 40/share

Company Shareholders

Shareholders

Before Direct Listing

Number of Shares (‘000)

Ownership

Khaled Mohammed Al-Dosari*

1800.1

30.00%

Filwa Najd Real Estate Co.

605.6

10.09%

Mohammed Saleh Al-Jahuri

1.0

0.02%

Hind Nasser Al-Benali

1.0

0.02%

Fawziya Musleh Al-Maliki

1.0

0.02%

Entisar Saad Al-Qurain

1.0

0.02%

Najlaa Ibrahim Al-Jahuri

1.0

0.02%

Najlaa Abdulrahman Al-Dukheil

1.0

0.02%

Shoq Jamil Al-Ghamdi

1.0

0.02%

Sarah Saad Othman Al Hudaib

1.0

0.02%

Ibtihal Abdulghani Reda

1.0

0.02%

The public (70 shareholders)

3586.3

59.77%

Total

6000.0

100.00%

Company Profile

Company

Academy of Learning Co. (AOL)

Market

Nomu-Parallel Market

Core activities

Higher education institutes, administration training institutes, and the wholesale trade of computers and related accessories, plus printers and inks.

Status

Active

Capital

SAR 60 mln

Direct Listing Profile

Number of shares

6 mln

Share par value

SAR 10

Share price guidance upon listing

SAR 40

Method of setting opening stock price

The opening stock price shall be set based on the offer and demand for the stock, via a pre-open session during which investors can place buy/sell orders. The trading system sets the fair price, based on which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.

The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. 

Qualified investors

- Current shareholders (except for those holding 5% or more of the company’s shares, to whom the lock-up period rules shall apply).

- Qualified investors categories.

Additional Information

Financial advisor

Aldukheil Financial Group

Chartered accountant

Dr. Mohamed Al-Amri & Co.