Dar Almarkabah issues prospectus for 20% IPO on Nomu

19/07/2023 Argaam
Logo ofDar Almarkabah for Renting Cars Co.

Logo of Dar Almarkabah for Renting Cars Co.


Dar Almarkabah for Renting Cars Co. issued today, July 19, its prospectus to float 500,000 shares, or 20% of its SAR 20 million capital, on Nomu-Parallel Market.

 

The share sale will run from August 13-17 for qualified investors.

 

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

 

Dar Almarkabah for Renting Cars Co. is a closed Saudi joint stock company, established as a sole proprietorship in 2013. It is headquartered in Riyadh.

 

The company's activity is represented in leasing cars with drivers and passenger cars without drivers.

 

The Capital Market Authority (CMA) approved on June 20, the application received from the company for the registration and offering of their shares on Nomu-Parallel Market.   

 

Company Profile

Company

Dar Almarkabah for Renting Cars Co.

Market

Nomu Parallel Market

Core activities

Car rental

Capital

SAR 20 mln

Capital after IPO

SAR 25 mln

 

IPO Summary

Issue Percentage

20%

Offered shares

500,000 shares

Minimum Limit

10 shares

Maximum Limit

124,990 shares

Offer period

August 13-17, 2023

Final Allocation

Aug. 22, 2023

Refund (if any)

Aug. 24, 2023

 

Company Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership (%)

Number of Shares

(‘000 shares)

Ownership (%)

Salah Bilal Mousa Alzahrani

1100.00

55%

1100.00

44%

Sharifa Muait Utaibi Alkanani Alzahrani

300.00

15%

300.00

12%

7 shareholders, each of whom owns less than 5% of capital

600.00

30%

600.00

24%

QFIs

--

--

500.00

20%

Total

2000.00

100%

2500.00

100%

 

Additional Information

Financial Advisor

Watheeq Financial Services

Lead Manager

Derayah Financial

 
 

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