Raoom issues prospectus for share sale on Nomu

05/01/2022 Argaam

Logo of Raoom Trading Co.


Raoom Trading Co. issued the prospectus for its share sale on Parallel Market (Nomu).

 

The company plans to offer 20% of its capital to qualified investors.

 

The share sale will run from Jan. 30, 2022 to Feb. 3, 2022.

 

The offering will be confined to qualified investors, as per the Rules On The Offer Of Securities And Continuing Obligations. Qualified investors include the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in the GCC countries; investment funds and the natural persons allowed to open investment accounts in the Kingdom and with Edaa.

 

Those investors are required to have executed deals in securities markets, with a total value of not less than SAR 40 million, and not less than 10 deals in each quarter during the past 12 months; have net asset value of no less than SAR 5 million; have been working or have for at least three years in the financial sector; holds a general certificate in securities dealing, approved by CMA; and holds a professional certificate in the field of securities business, approved by an internationally recognized body.

 

Qualified investors include any other persons to be determined by CMA.

 

Raoom Trading was established in 1992. The Buraydah-based company has SAR 50 million capital.

 

The company trades in glass, mirrors, aluminum decorations. It also operates in manufacturing industries; building and construction; transportation, storage and cooling; financial services; social and personal services; trade and information technology; security and safety; agriculture and fishing; mines and oil; electricity, gas and water activities.

 

Company Profile

Company

Raoom Trading Co.

Market

Parallel Market (Nomu)

Core Activities

Trading in glass, mirrors, and aluminum decorations

Capital

SAR 96 mln

 

IPO Summary

Issue percentage (%)

20%

Number of shares offered

1 mln

Qualified subscribers

Qualified investors

Minimum limit

10 shares

Maximum limit

249,990 shares

Subscription period

Jan. 30-Feb. 3

Final allocation

Feb. 8

Surplus Refund (if any)

Feb. 13

 

Additional Information

Lead Manager

Al Nefaie Investment Group

Financial Advisor

Wasatah Capital

 

Company’s Shareholders

Shareholders

Pre-Offering

Post-Offering

No. of Shares

(‘000)

Ownership%

No. of Shares

(‘000)

Ownership%

Abdulaziz Abdullah Al Humaid

3400

68.0%

2720

54.4%

Raoom Abdulaziz Al Humaid

200

4.0%

160

3.2%

Reema Abdulaziz Al Humaid

200

4.0%

160

3.2%

Raghad Abdulaziz Al Humaid

200

4.0%

160

3.2%

Shahd Abdulaziz Al Humaid

200

4.0%

160

3.2%

Nawra Abdulaziz Al Humaid

200

4.0%

160

3.2%

Ghala Abdulaziz Al Humaid

175

3.5%

140

2.8%

Hala Abdulaziz Al Humaid

175

3.5%

140

2.8%

Mohammed Abdulaziz Al Humaid

100

2.0%

80

1.6%

Janna Abdulaziz Al Humaid

50

1.0%

40

0.8%

Donia Abdulaziz Al Humaid

50

1.0%

40

0.8%

Lina Abdulaziz Al Humaid

50

1.0%

40

0.8%

Qualified Investors

(Public)

--

--

1000

20%

Total

5000

100%

5000

100%

 

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