Leaf Global issues prospectus to float 1.5M shares on Nomu

Logo of Leaf Global Environmental Services Co.

Leaf Global Environmental Services Co. published the prospectus for offering 1.5 million shares, or 30% of its share capital, on the Nomu-Parallel Market, at a nominal value of SAR 5 per share.

For More IPOs

In March, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.

The share sale will run for five working days from May 26-30. It will be limited to qualified investors stipulated in the glossary of defined terms used in the CMA’s regulations and rules.

The company's actual activity is represented in environmental services, most notably environmental impact assessment, environmental compliance monitoring, construction management plan, ground surveys, environmental surveys, marine environment surveys, and marine monitoring such as water quality and seaweed, water, soil and sediment analysis. This is in addition to developing coral reefs and planting mangroves.

Company Profile
Company	Leaf Global Environmental Services Co.
Market	Nomu-Parallel Market
Core Activities	Environmental services
Capital	SAR 25 mln
Number of Shares	5 mln
Nominal Value	SAR 5/share

IPO Summary
Issue Percentage	30%
Offered Shares	1.5 mln
IPO Minimum Limit	10 shares
IPO Maximum Limit	249,999 shares
Offer Period	May 26-30, 2024
Final Allocation	June 6, 2024
Surplus Refund (If any)	June 11, 2024

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (mln shares)	Ownership (%)	Number of Shares (mln shares)	Ownership (%)
Abdullah Saleh Mohammed Bin Laden	3.30	66.0%	3.275	65.5%
Ghaith Saleh Mohammed Bin Laden	1.70	34.0%	0.225	4.5%
The public (Qualified investors)	--	--	1.5	30.0%
Total	5.0	100%	5.0	100%

Additional Information
Financial Advisor and Lead Manager	Al Khair Capital
Receiving Entities	SNB Capital - Al Rajhi Capital - Saudi Fransi Capital - Riyad Capital - Albilad Capital - AlJazira Capital - Alinma Investment - Derayah Financial

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