Logo of Rawasi Albina Investment Co.
Rawasi Albina Investment Co. announced the registration document for listing its shares on Nomu-Parallel Market.
The company set the price guidance for trading its shares on Nomu at SAR 40 apiece.
The Capital Market Authority (CMA) approved, on June 15, 2022, the company’s application to list its shares on Nomu, Argaam earlier reported.
Company Profile
Rawasi Albina Investment Co. was established as a closed joint-stock company in 2008 in Riyadh. The company's capital currently stands at SAR 55 million.
The company's main activities are represented in infrastructure works for telecom, electricity and water projects, through extending electrical wires and networks, telecom cabins, water pipelines extension, as well as repair of water distribution main pipelines and stations.
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Company Profile |
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Company |
Rawasi Albina Investment Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Telecom, water, energy and artificial intelligence |
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Status |
Active |
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Capital |
SAR 55 mln |
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Direct Listing Profile |
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Number of Shares |
5.5 mln shares |
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Share Par Value |
SAR 10 |
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Share Price Guidance Upon Listing |
SAR 40 |
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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 |
- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).
- Qualified investors categories |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Mohsen Al-Otaibi |
1,992.5 |
36.23% |
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Saad Ammash Al-Shammari |
440.0 |
8.00% |
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Saleh Al Olayan |
275.0 |
5.00% |
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Other 57 shareholders (each owning less than 5%) |
2,792.6 |
50.77% |
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Total |
5,500.0 |
100% |
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Additional Information |
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Financial Advisor |
Marifa Capital |
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