Osool & Bakheet issues prospectus to offer 1.5 mln shares on Nomu

Logo of Osool & Bakheet Investment Co.

Osool & Bakheet Investment Co. issued today, Sept. 25, a prospectus to sell 1.5 million ordinary shares, or 18.52% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.

According to the prospectus, the company will issue 2.1 million new shares, representing 25.92% of its post-increase capital, of which 1.5 million shares will be offered to qualified investors, while 600,000 shares, representing about 7.40%, will be allocated to the portfolio of employee incentive program as treasury shares.

The offering will run from Oct. 15-19.

The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

Established in 2005, Osool & Bakheet Investment Co. operates with SAR 60 million capital, which will rise to SAR 81 million following the offering.

The company's main activities are represented in dealing in securities, custody of securities, investment management and fund operation.

The CMA approved on June 22 the application received from the company to register its shares in direct listing on Nomu.

Company Profile
Company	Osool & Bakheet Investment Co.
Market	Nomu-Parallel Market
Core Activities	Dealing in securities, investment management, fund operation.
Capital	SAR 60 mln
Post-IPO Capital	SAR 81 mln

IPO Summary
Issue Percentage	18.519%
Offered shares	1.5 mln shares
Issued Treasury Shares	600,000 shares (representing 7.407% of total post-increase shares)
Total Issued Shares	2.1 million shares (representing 25.926% of total post-increase shares)
Minimum Limit	10 shares
Maximum Limit	404,999 shares
Offer period	From Oct. 15-19.
Final Allocation	Oct. 24, 2023
Refund (if any)	Oct. 26, 2023

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Bishr Mohammed Burhan Al-Din Yassin Bakheet	1344.13	22.40%	1344.13	16.59%
Abdul Rahman Yahya Abdullah Al Yahya	756.97	12.62%	756.97	9.35%
Saleh Mohammed Saleh Al-Hajjaj	750.00	12.50%	750.00	9.26%
Sultan Yahya Abdullah Al Yahya	345.00	5.75%	345.00	4.26%
Mansour Yahya Abdullah Al Yahya	345.00	5.75%	345.00	4.26%
Mazen Mohammed Nasser Al-Daoud	309.37	5.16%	309.37	3.82%
Khaled Abdul Rahman Mohammed Al-Mousa	269.75	4.50%	269.75	3.33%
Abdul Wahab Abdul Karim Abdul Rahman Al Butairi	1.00	0.02%	1.00	0.01%
Other shareholders owning less than 5% and the public	1878.77	31.31%	1878.77	23.20%
Osool & Bakheet Investment (treasury shares)	--	--	600.00	7.41%
Qualified Investors	--	--	1500.00	18.52%
Total	6000	100%	8100	100%

Additional Information
Financial Advisor	Amwal Capital
Lead Manager	SICO Capital

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