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Shmoh Almadi issues prospectus for IPO on Nomu
AI Summary
Content Summary: 
Logo of Shmoh Almadi Co.
Shmoh Almadi Co. issued today, Dec. 3, the prospectus to list 1.4 million shares on the Nomu-Parallel Market.
The offered shares represent 17.5% of pre-IPO capital of SAR 40 million (14.89% of post-IPO capital). The pre-IPO capital is divided into 8 million shares at a par value of SAR 5 each.
The share sale will run for eight working days from Dec. 24 to Dec. 31, 2024.
In September, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.
Shmoh Almadi was established as a sole proprietorship in Riyadh in 2006 and later converted into a shareholding company.
The company's activities, as stated in its commercial register, include the manufacture of bread and its products by automated bakeries; biscuits of all kinds; popular food bread; and raw pastry sheets including matai. This is in addition to the manufacture of popular and oriental sweets of all kinds, land transportation of goods, and transportation of refrigerated and frozen goods. The company's activities also include refrigerated food stores, storage in silos of grain, flour, and agricultural products, as well as refrigerated and dry food stores, retail sale of bakery products and sweets.
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Company Profile |
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Company |
Shmoh Almadi Co. |
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Market |
Nomu - Parallel Market |
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Core Activities |
Confectioneries |
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Pre-IPO Capital |
SAR 40 mln |
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Number of Shares |
8 mln |
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Post-IPO Capital |
SAR 47 mln |
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Number of shares after IPO |
9.4 mln |
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Share Par Value |
SAR 5 |
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IPO Summary |
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Issue Percentage |
14.89% (17.5% of pre-IPO capital) |
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Offered shares |
1.4 mln |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
469,990 shares |
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Offer period |
8 days from Dec. 24-31, 2024 |
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Final Allocation |
Jan. 5, 2025 |
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Refund (if any) |
Jan. 7, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Fahad Mohammed Abdullah Al-Khudairi |
3200 |
40.00% |
3200 |
34.04% |
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Thani Abdulaziz Abdulrahman Al-Ahmed |
1600 |
20.00% |
1600 |
17.02% |
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Ahmed Abdulaziz Abdulrahman Al-Ahmed |
1360 |
17.00% |
1360 |
14.47% |
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Mishari Fahd Mohammed Al-Khudairi |
320 |
4.00% |
320 |
3.40% |
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Abdullah Abdulaziz Abdulrahman Al-Ahmed |
240 |
3.00% |
240 |
2.55% |
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Fahad Abdulaziz Abdulrahman Al-Ahmed |
240 |
3.00% |
240 |
2.55% |
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Yazid Abdullah Ali Hammad |
80 |
1.00% |
80 |
0.85% |
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Abdullah Fahad Mohammed Al-Khudairi |
320 |
4.00% |
320 |
3.40% |
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Abdulaziz Thani Abdulaziz Al-Ahmed |
320 |
4.00% |
320 |
3.40% |
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Ahmed Thani Abdulaziz Al-Ahmed |
320 |
4.00% |
320 |
3.40% |
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QFIs |
-- |
-- |
1400 |
14.89% |
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Total |
8000 |
100% |
9400 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Value Capital |
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Receiving Banks |
Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and Derayah Financial. |
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