Dar Almarkabah issues prospectus for 20% IPO on Nomu

Logo of Dar Almarkabah for Renting Cars Co.

Dar Almarkabah for Renting Cars Co. issued today, July 19, its prospectus to float 500,000 shares, or 20% of its SAR 20 million capital, on Nomu-Parallel Market.

The share sale will run from August 13-17 for qualified investors.

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

Dar Almarkabah for Renting Cars Co. is a closed Saudi joint stock company, established as a sole proprietorship in 2013. It is headquartered in Riyadh.

The company's activity is represented in leasing cars with drivers and passenger cars without drivers.

The Capital Market Authority (CMA) approved on June 20, the application received from the company for the registration and offering of their shares on Nomu-Parallel Market.

Company Profile
Company	Dar Almarkabah for Renting Cars Co.
Market	Nomu Parallel Market
Core activities	Car rental
Capital	SAR 20 mln
Capital after IPO	SAR 25 mln

IPO Summary
Issue Percentage	20%
Offered shares	500,000 shares
Minimum Limit	10 shares
Maximum Limit	124,990 shares
Offer period	August 13-17, 2023
Final Allocation	Aug. 22, 2023
Refund (if any)	Aug. 24, 2023

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Salah Bilal Mousa Alzahrani	1100.00	55%	1100.00	44%
Sharifa Muait Utaibi Alkanani Alzahrani	300.00	15%	300.00	12%
7 shareholders, each of whom owns less than 5% of capital	600.00	30%	600.00	24%
QFIs	--	--	500.00	20%
Total	2000.00	100%	2500.00	100%

Additional Information
Financial Advisor	Watheeq Financial Services
Lead Manager	Derayah Financial

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