View Real Estate issues prospectus to sell 600,000 shares on Nomu

Logo of View Limited Real Estate Development Co.

View Limited Real Estate Development Co. issued today, Oct. 24, the prospectus to list 600,000 shares, or 18.18% of its capital, on the Nomu-Parallel Market.

The share sale will run from Nov. 19-27 for qualified investors.

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

View Limited Real Estate was established as a limited liability company in 2011 in Riyadh, then transformed into a closed joint stock company.

The company’s activities include constriction of residential and non-residential buildings (such as schools, hospitals, hotels, etc).

The company also operates in the renovation of residential and non-residential buildings, the sale and division of land lots and real estate, off-plan sales as well as the management and leasing of owned or leased residential and non-residential buildings.

Last month, the company received the go-ahead of the CMA for its application to float 600,000 shares on Nomu, Argaam reported.

Company Profile
Company	View Limited Real Estate Development
Market	Nomu-Parallel Market
Core Activities	Real estate development
Capital Pre-IPO	SAR 30 mln
Capital Post-IPO	SAR 33
Number of Shares	3 mln
Number of Shares Post-IPO	3.3 mln

IPO Summary
Issue Percentage	18.18% of capital (20% of pre-IPO capital)
Offered Shares	600,000
Minimum Limit	10 shares
Maximum Limit	164990 shares
Offer Period	Nov. 19-27, 2023
Final Allocation	Dec. 3, 2023
Refund (if any)	Dec. 7, 2023

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	No. of shares (mln shares)	Ownership (%)	No. of shares (mln shares)	Ownership (%)
Ahmed bin Bijad Al-Harby	1.59	53.00%	1.44	43.64%
Mohammed bin Ibrahim Al Dawoud	1.41	47.00%	1.26	38.18%
Qualified investors	--	--	0.60	18.18%
Total	3.00	100%	3.30	100%

Additional Information
Financial Advisor	Watheeq Capital
Lead Manager	Al-Nefaie Investment Group

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