Al Ashghal Al Moysra issues prospectus to float 480,000 shares on Nomu

Logo of Al Ashghal Al Moysra Co.

Al Ashghal Al Moysra Co. issued today, June 2, the prospectus to register and offer 480,000 shares, or 20% of capital, on Nomu-Parallel Market.

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 seven working days from July 7-15. It will be limited to qualified investors stipulated in the glossary of defined terms used in the CMA’s rules and regulations.

The company's actual activity is represented in providing three key services: Maintenance, cleaning, and facility management and operation; provision of logistic and transport services Kingdom-wide; and carrying out some contracting work, namely construction, building and restoration of buildings.

Al Ashghal Al Moysra was established in 2013 in Sakaka, Al-Jouf, as a sole proprietorship. It was then converted into a closed joint-stock company.

Company Profile
Company	Al Ashghal Al Moysra Co.
Market	Nomu-Parallel Market
Core Activities	Facility management; provision of logistic and transport services Kingdom-wide; and carrying out some contracting work
Pre-IPO Capital	SAR 24 mln
Par Value	SAR 10/share

IPO Summary
Issue Percentage	20%
Offered Shares	480,000
IPO Minimum Limit	10 shares
IPO Maximum Limit	119,990 shares
Offer Period	Seven working days from June 7-15, 2024
Final Allocation	July 21, 2024
Surplus Refund (If any)	July 23, 2024

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Sobhi Maqat Farhan Al-Jawir	480	20%	384	16%
Hamida Afash Mohammed Al-Khalidi	480	20%	384	16%
Abdulaziz Sobhi Maqat Al-Jawir	480	20%	384	16%
Mohammed Sobhi Maqat Al-Jawir	480	20%	384	16%
Abdulrahman Sobhi Maqat Al-Jawir	480	20%	384	16%
Public (Qualified investors)	--	--	480	20%
Total	2400	100 %	2400	100%

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

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