Osool & Bakheet debuts on Nomu today

Logo of Osool & Bakheet Investment Co. (OBIC)

Osool & Bakheet Investment Co. (OBIC) shares will be listed and begin trading on Nomu-Parallel Market as of today, Nov. 7, under the symbol 9586 and ISIN code SA15T0MKLP11, at SAR 45 per share.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

The company offered 1.5 million shares to qualified investors, representing 18.52% of the company’s post-IPO capital. The IPO was 305% covered, according to data available with Argaam.

OBIC will take the number of listings on Nomu to 28 in 2023, including five direct offerings and 23 offerings for qualified investors.

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.

OBIC’s debut brings the total number of Nomu companies to 72, in addition to Alwaha REIT Fund.

Company Profile

Established in 2005, OBIC 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.

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

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%

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