ASG Plastic Factory issues prospectus for Nomu offering

Asq Plastic Factory issues prospectus to float 750,000 shares on Nomu

Logo of ASG Plastic Factory Co.

ASG Plastic Factory Co. issued today, July 7, its prospectus to float 750,000 shares on Nomu-Parallel Market.

The offered shares represent 10.64% of post-IPO capital of SAR 70.5 million, or 11.90% of pre-IPO capital.

The share sale will run for seven working days from July 28 to Aug. 5.

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

In March, the CMA approved the company's application to float its shares on Nomu.

ASG Plastic Factory’s activities, as stated in its commercial register, include the manufacturing of plastic boxes and containers, bottles in various forms of plastics, and disposable household and kitchen utensils and decorations.

The company's current actual activity, as of the date of this prospectus, is the production and sale of plastic juice containers, jars, spoons, forks, knives, gallons, and date boxes.

It was established in 2005 in Riyadh as a sole proprietorship owned by Hussa Al-Saloum. It was then converted into a limited liability company in 2011, before being a closed joint-stock company in 2023.

Company Profile
Company	ASG Plastic Factory Co.
Market	Nomu-Parallel Market
Core Activities	Manufacturing of disposable plastic products
Pre-IPO Capital	SAR 63 mln
Number of Shares Pre-IPO	6.3 mln
Post-IPO Capital	SAR 70.5 mln
Number of Shares Post-IPO	7.05 mln
Par Value	SAR 10/share

IPO Summary
Issue Percentage	10.64% of post-IPO capital (or 11.90% of pre-IPO capital)
Offered Shares	750,000
IPO Minimum Limit	10 shares
IPO Maximum Limit	352,000 shares
Offer Period	7 days (July 28-Aug. 5, 2024)
Final Allocation	Aug. 11, 2024
Surplus Refund (If any)	Aug. 13, 2024

Company Shareholders
Shareholder	Pre-IPO		Post-IPO
Shareholder	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Mohamed Fahd Nasser Al-Othman	2898	46.00%	2898	41.11%
Mohamed Fahd Nasser Al-Othman	1890	30.00%	1890	26.81%
Fahd Nasser Fahd Al-Othman	504	8.00%	504	7.15%
Hamad Nasser Fahd Al-Othman	504	8.00%	504	7.15%
Khalid bin Said bin Ahmed Abu Ras	252	4.00%	252	3.57%
Mohammed Abdullah Othman Al-Othman	252	4.00%	252	3.57%
The public (Qualified investors)	--	--	750	10.64%
Total	6300	100%	7050	100%

Additional Information
Financial Advisor & Lead Manager	Yaqeen Capital
Receiving Agents	Al Rajhi Capital - Albilad Capital - Riyad Capital - SNB Capital - Alistithmar Capital - Alinma Investment - AlJazira Capital - ANB Capital - SAB Invest - Derayah Financial - Saudi Fransi Capital

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