Logo of Al Taiseer Group Talco Industrial Co. (TALCO)
Al Taiseer Group Talco Industrial Co. (TALCO) published the prospectus for offering 12 million shares on the Saudi Exchange (Tadawul).
The company plans to float 12 million shares, or 30% of the company’s capital of SAR 400 million, divided into 40 million shares, at SAR 10 par value per share.
In December 2023, the Capital Market Authority (CMA) approved TALCO application to list on the Main Market (TASI).
The registration and book-building period will run for three days from May 20-23, 2024.
Retail investor share sale will be held from May 28-29, 2024.
Qualified Subscribers
Participating parties: Those who are qualified to participate in the book-building process include investment funds, foreign companies and institutions, investors from GCC companies, and other foreign investors by virtue of swap agreements. Initially, all offered shares (100%) are allocated to this category. If there is sufficient demand from retail investors, the number of shares for participating parties will be reduced to 10.8 million shares, or 90% of total offered shares.
Individual investors: Saudi nationals, non-Saudi natural persons resident in the Kingdom, nationals of GCC states who have a bank account with one of the receiving entities. The category was allocated 1.2 million shares, or 10% of the total offering.
TALCO, a closed Saudi joint stock company, was established in 2009, and headquartered in Riyadh.
The company’s current activities are represented in aluminum, powder coating products, accessory products, as well as manufacturing and marketing.
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Company Profile |
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Company |
Altaiseer Group Talco Industrial Co. |
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Market |
TASI |
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Core Activities |
Aluminum |
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Capital |
SAR 400 mln |
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Number of Shares |
40 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
30% |
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Number of Shares Offered |
12 mln |
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Qualified Subscribers |
Participating institutions and individuals |
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IPO Minimum Limit for Retail Investors |
10 shares |
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IPO Minimum Limit for Institutional Investors |
50,000 shares |
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IPO Maximum Limit for Retail Investors |
250,000 shares |
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IPO Maximum Limit for Institutional Investors |
2 mln shares |
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Institutional Offer Period and Book Building |
May 20-23, 2024 |
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Retail Offering |
May 28-29, 2024 |
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Final Allocation |
June 2, 2024 |
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Refund (if any) |
June 2, 2024 |
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Additional Information |
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Financial Advisor, Lead Manager, Book-Runner, and Underwriter |
Alinma Investment |
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Receiving Banks |
Al Rajhi Bank, Alinma Bank, Riyad Bank |
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Major Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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|
Mansour Kamel Ibrahim Al-Fattouh Al-Blwi |
7.68 |
19.21% |
5.38 |
13.45% |
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Nasser Kamel Ibrahim Al- Fattouh Al-Blwi |
6.73 |
16.83% |
4.71 |
11.78% |
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Elham Mahmoud Obaid Ibrahim |
4.49 |
11.24% |
3.15 |
7.87% |
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Dalal Kamel Ibrahim Al- Fattouh Al-Blwi |
3.34 |
8.34% |
2.34 |
5.84% |
|
Manal Kamel Ibrahim Al- Fattouh Al-Blwi |
3.34 |
8.34% |
2.34 |
5.84% |
|
Nawaf Khaled Kamel Al- Fattouh Al-Blwi |
2.94 |
7.36% |
2.06 |
5.15% |
|
Abdulaziz Khaled Kamel Al- Fattouh Al-Blwi |
2.94 |
7.36% |
2.06 |
5.15% |
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Amal Kamel Ibrahim Al- Fattouh Al-Blwi |
2.86 |
7.15% |
2.00 |
5.01% |
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Shatha Muwaffaq Kamel Al- Fattouh Al-Blwi |
2.86 |
7.15% |
2.00 |
5.01% |
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Khadraa Rashid Harbi Al Fattouh |
0.95 |
2.38% |
0.67 |
1.67% |
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Basmah Hussain Salem Al Fattouh Al-Blwi |
0.84 |
2.10% |
0.59 |
1.47% |
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Ibrahim Abdulaziz Kamel Al Fattouh Al-Blwi |
0.25 |
0.63% |
0.18 |
0.44% |
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Muhammad Abdulaziz Kamel Al Fattouh Al-Blwi |
0.25 |
0.63% |
0.18 |
0.44% |
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Faris Abdulaziz Kamel Al Fattouh Al-Blwi |
0.25 |
0.63% |
0.18 |
0.44% |
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Fatima Ali Hassan Al Fattouh |
0.13 |
0.32% |
0.09 |
0.22% |
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Reem Abdulaziz Kamel Al Fattouh Al-Blwi |
0.13 |
0.32% |
0.09 |
0.22% |
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Public |
-- |
-- |
12.0 |
30 % |
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Total |
40.0 |
100 % |
40.0 |
100 % |
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