Logo of Aqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. announced today, April 11, the registration document for the direct listing of its shares on Nomu-Parallel Market.
The Capital Market Authority (CMA) approved on March 21 Aqaseem's application to register its shares for direct listing on Nomu.
The company set the price guidance for the share listing at SAR 48.
The company's capital stands at SAR 25 million, divided into 2.5 million shares.
The firm's activities are represented in the production of lubricants for equipment and engine.
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Company Shareholders |
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Shareholders |
Before the direct listing |
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Number of shares (‘000) |
Ownership (%) |
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Mohammed Mishnan Suleiman Al-Dosari |
328.38 |
13.14% |
|
Faisal Hatem Awad Al-Zahrani |
324.89 |
13.00% |
|
Diyar Al Baida Trading Co. |
135.00 |
5.40% |
|
Sixth Network Trading Co. |
135.00 |
5.40% |
|
Waad Al-Ghad Trading Co. |
135.00 |
5.40% |
|
Sareyat Ashamal Trading Co. |
135.00 |
5.40% |
|
Khetam Al-Roya Trading Co. |
100.00 |
4.00% |
|
Four Madarat Trading Co. |
100.00 |
4.00% |
|
Ashry Saad Mazaal Al-Ashry |
30.24 |
1.21% |
|
Sarah Saad Othman Al Hudaib |
0.05 |
0.002% |
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Horizon Analytical Co. for Commercial Services |
122.11 |
4.88% |
|
Three Diamonds Elevators Co. |
122.11 |
4.88% |
|
Shareholders owning less than 5% stake (52 shareholders) |
832.22 |
33.29% |
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Total |
2500.00 |
100.00% |
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Company Profile |
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Company |
Aqaseem Factory for Chemicals and Plastics Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Production of lubricants for equipment and engines |
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Status |
Active |
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Capital |
SAR 25 mln |
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Direct Listing Profile |
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Number of shares |
2.5 mln shares |
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Share par value |
SAR 10 |
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Share price guidance upon listing |
SAR 48 |
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Method of setting share opening price |
The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Qualified investors |
- Qualified investors categories |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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External Auditor |
Al Kharashi & Co. |
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