Logo of Fad International Co.
Fad International Co. issued today, Oct. 12, its prospectus to float 240,000 shares, or 20% of its SAR 12 million capital (divided into 1.2 million shares), in an initial public offering (IPO) on Nomu-Parallel Market.
The Capital Market Authority (CMA) approved, on June 5, the company’s application for this offering.
Fad's activities, according to its commercial register, include wholesale and retail sales of women's clothing, fabrics, bags, shoes, accessories, leather products, perfumes, and cosmetics.
Qualified investors can subscribe to the share sale between Nov. 1-7.
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Company Profile |
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Company |
Fad International Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Ready-made clothing, bags, and cosmetics retail |
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Current Capital |
SAR 12 mln |
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Number of Shares |
1.2 mln |
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IPO Summary |
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Issue Percentage |
20% |
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Number of Offered Shares |
240,000 |
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Minimum Subscription Limit for Retail Investors |
10 shares |
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Maximum Subscription Limit for Retail Investors |
59,990 shares |
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Retail Offering |
Nov. 1-7, 2023 |
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Final Allocation |
Nov. 12, 2023 |
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Surplus Refunds (If any) |
Nov. 14, 2023 |
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Company Shareholders |
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Shareholder |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership Percentage |
Number of Shares (‘000) |
Ownership Percentage |
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Eyad Mashat |
672.0 |
56% |
552.0 |
46% |
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Taleh Mashat |
312.0 |
26% |
252.0 |
21% |
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Abdullah Mashat |
120.0 |
10% |
60.0 |
5% |
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Taim Mashat |
48.0 |
4% |
48.0 |
4% |
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Tamara Mashat |
48.0 |
4% |
48.0 |
4% |
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Qualified investors |
-- |
-- |
240.0 |
20% |
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Total |
1200.0 |
100% |
1200.0 |
100% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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Lead Manager |
Yaqeen Capital |
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