Meyar publishes prospectus for 265,400 share listing on Nomu

Logo of Meyar Co.

Meyar Co. issued today, Feb. 16, the prospectus to list 265,400 shares, on Nomu-Parallel Market.

This represents 20% of Meyar’s SAR 13.27 million capital, or 1.33 million shares.

The Capital Market Authority (CMA) approved, in December 2022, the application submitted by the company to register and offer 265,400 shares on Nomu.

The offer period will run from March 19-23.

Meyar was established as a closed joint-stock company in November 1999 in Al Majmaah. It is active, as per its articles of association, in practicing contracting and ready-mix concrete activities.

The company's current actual activity, as of the date of this prospectus, is represented in the manufacture of hollow cement blocks and bricks, ready-mixed concrete and precast insulated concrete. This is besides the general construction of residential buildings and non-residential buildings and others.

Company Profile
Company	Meyar Co.
Market	Nomu-Parallel Market
Core Activities	Manufacturing of hollow cement blocks and bricks, manufacture of ready-mixed concrete and precast insulated concrete
Capital	SAR 10.62 mln

IPO Summary
Issue Percentage	20%
Offered Shares	265,400
Minimum Limit	10 shares
Maximum Limit	66,340 shares
Offer Period	March 19-23, 2023
Final Allocation	March 28, 2023
Refund (If any)	March 30, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Abdulrahman Nasser Mohammed Alturki	197.46	18.60%	197.46	14.88%
Khaled Nasser Mohammed Alturki	186.84	17.60%	186.84	14.08%
Abdullah Nasser Mohammed Alturki	197.46	18.60%	197.46	14.88%
Bader Nasser Mohammed Alturki	199.58	18.80%	199.58	15.04%
Saudi Kayan Investment & Real Estate Development Co. Ltd.	63.70	6.00%	63.70	4.80%
Himmah Holding	42.46	4.00%	42.46	3.20%
Other Shareholders	174.10	16.40%	174.10	13.12%
Qualified Investors	--	--	265.40	20%
Total	1061.60	100%	1327.00	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital

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