Clean Life issues prospectus to offer 300,000 shares on Nomu

21/08/2023 Argaam
Clean Life Co. logo

Clean Life Co. logo


Clean Life Co. issued today, Aug. 21, its prospectus to float 300,000 shares, or 20% of its SAR 15 million capital, on Nomu-Parallel Market.
 

The share sale will run from Oct. 1-5.

 

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

 

Established in 2015 in Riyadh, Clean Life is a Saudi closed joint-stock company that operates with SAR 15 million capital, divided into 1.5 million ordinary shares.

 

The company's activities are represented in the general, exterior and specialized cleaning of buildings, including chimneys, windows, etc. This is in addition to the cleaning and maintenance of swimming pools as well as disinfection and fumigation activities for pest control.

 

The CMA approved, in June, the application submitted by the company to register and offer 300,000 shares on Nomu.

 

Company Profile

Company

Clean Life Co.

Market

Nomu-Parallel Market

Core activities

Cleaning of houses, furniture and buildings

Capital

SAR 15 mln

 

IPO Summary

Issue Percentage

20%

Offered Shares

300,000 

Minimum Limit

10 shares

Maximum Limit

74,900 shares

Offer Period

Oct. 1-5, 2023

Final Allocation

Oct. 10, 2023

Refund (If any)

Oct. 16, 2023

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership

(%)

Number of Shares

(‘000 shares)

Ownership (%)

Mohamed bin Saleh bin Ali Al Nasser

300

20%

240

16%

Abdullah bin Saleh bin Ali Al Nasser

300

20%

240

16%

Abdulaziz bin Saleh bin Ali Al Nasser

300

20%

240

16%

Abdulrahman bin Saleh bin Ali Al Nasser

300

20%

240

16%

Sultan bin Nasser bin Abdullah Al Nasser

300

20%

240

16%

Qualified Investors

--

--

300

20%

Total

1500

100%

1500

100%

 

Additional Information

Financial Advisor

Watheeq Capital

Lead Manager

Al-Nefaie Investment

 

 

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