Logo of TAM Development Co.
TAM Development Co. published its prospectus to offer 585,600 shares, or 16% of capital, on Nomu-Parallel Market.
The CMA approved the company's offering on Dec. 29, 2022.
The initial public offering (IPO) will run from May 21-25 for qualified investors.
TAM operates with SAR 36.6 million capital, divided into 3.66 million shares.
The company, as per its commercial register, specializes in public relations and communication, senior management consulting, ad institutions and agencies, market research and opinion polls, as well as business incubators and accelerators.
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Company Profile |
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Company |
TAM Development Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Providing advisory services, as well as project and technical solutions management |
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Capital |
SAR 36.60 mln |
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IPO Summary |
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Issue Percentage |
16% |
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Offered Shares |
585,600 |
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Minimum Limit |
10 shares |
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Maximum Limit |
182,990 shares |
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Offer Period |
May 21-25, 2023 |
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Final Allocation |
May 30, 2023 |
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Refund (If any) |
June 1, 2023 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Abdullah Anwar Muhammad Yusuf Andjani |
890.73 |
24.34% |
732.38 |
20.01% |
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Ain Development Investment Co. |
734.78 |
20.08% |
604.15 |
16.51% |
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Salem Salah Salem Bamakhrama |
523.31 |
14.30% |
430.28 |
11.76% |
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Maalem Al Masah Real Estate Co. |
511.43 |
13.97% |
420.51 |
11.49% |
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Faisal Business Co. |
329.40 |
9.00% |
270.84 |
7.40% |
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Ahmed Mazen Ahmed Al-Shugairi |
117.70 |
3.22% |
96.78 |
2.64% |
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Emad Ali Yahya Daghriri |
94.71 |
2.59% |
77.88 |
2.13% |
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Fatima Fayez Ibrahim Badr |
91.92 |
2.51% |
75.58 |
2.07% |
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Treasury shares |
365.99 |
10.00% |
356.99 |
10.00% |
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Qualified Investors |
-- |
-- |
585.60 |
16.00% |
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Total |
3660.00 |
100% |
3660.00 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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