Al-Rashid Industrial sets price guidance at SAR 25/shr for Nomu listing

Logo of Al-Rashid Industrial Co.

Al-Rashid Industrial Co. announced the registration document for the direct listing of its shares on Nomu-Parallel Market, setting the price guidance for trading its shares at SAR 25.

Last June, the Capital Market Authority (CMA) approved Al-Rashid Industrial’s application to float its shares on Nomu in direct listing, Argaam earlier reported.

Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.

Established in Riyadh in 1969, the company is capitalized at SAR 80 million, divided into eight million shares, at a par value of SAR 10 per share.

The company's activities, as per its commercial register, are represented in transformative industries, including the manufacturing of plastic cans and containers, as well as bottles of various types.

Company Profile
Company	Al-Rashid Industrial Co.
Market	Nomu-Parallel Market
Core Activities	Transformative industries
Status	Active
Capital	SAR 80 mln

Direct Listing Profile
Number of Shares	8 mln
Share Nominal Value	SAR 10
Price Guidance upon Listing	SAR 25
Method of Setting Share Opening Price	The opening price of the stock shall be set based on the supply and demand for the stock through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at 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 debut day only.
Qualified Investors	- Qualified investors - Current shareholders (Excluding owners of a 5% stake or more, to whom the lock-up period shall apply).

Company Shareholders
Shareholders	Pre-Direct Listing
Shareholders	Number of shares (‘000)	Ownership (%)
Fahd Abdulaziz Al-Rashid Al-Humaid	2240.00	28%
Mohamed Abdulaziz Al-Rashid Al-Humaid	2240.00	28%
Asmaa Abdulaziz Al-Rashid Al-Humaid	1120.00	14%
Loaloa Abdullah Shalash Alshalash	800.00	10%
Other shareholders (100 shareholders)	1600.00	20%
Total	8000.00	100%

Additional Information
Financial Advisor	AlKhair Capital

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