Logo of Al Ashghal Al Moysra Co.
Al Ashghal Al Moysra Co. issued today, June 2, the prospectus to register and offer 480,000 shares, or 20% of capital, on Nomu-Parallel Market.
In March, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.
The share sale will run for seven working days from July 7-15. It will be limited to qualified investors stipulated in the glossary of defined terms used in the CMA’s rules and regulations.
The company's actual activity is represented in providing three key services: Maintenance, cleaning, and facility management and operation; provision of logistic and transport services Kingdom-wide; and carrying out some contracting work, namely construction, building and restoration of buildings.
Al Ashghal Al Moysra was established in 2013 in Sakaka, Al-Jouf, as a sole proprietorship. It was then converted into a closed joint-stock company.
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Company Profile |
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Company |
Al Ashghal Al Moysra Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Facility management; provision of logistic and transport services Kingdom-wide; and carrying out some contracting work |
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Pre-IPO Capital |
SAR 24 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
20% |
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Offered Shares |
480,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
119,990 shares |
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Offer Period |
Seven working days from June 7-15, 2024 |
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Final Allocation |
July 21, 2024 |
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Surplus Refund (If any) |
July 23, 2024 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Sobhi Maqat Farhan Al-Jawir |
480 |
20% |
384 |
16% |
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Hamida Afash Mohammed Al-Khalidi |
480 |
20% |
384 |
16% |
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Abdulaziz Sobhi Maqat Al-Jawir |
480 |
20% |
384 |
16% |
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Mohammed Sobhi Maqat Al-Jawir |
480 |
20% |
384 |
16% |
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Abdulrahman Sobhi Maqat Al-Jawir |
480 |
20% |
384 |
16% |
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Public (Qualified investors) |
-- |
-- |
480 |
20% |
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Total |
2400 |
100 % |
2400 |
100% |
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Additional Information |
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Financial Advisor & Lead Manager |
Yaqeen Capital |
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Receiving Agents |
Al Rajhi Capital - Riyad Capital - Alinma Investment - AlJazira Capital -Alawwal Invest - Derayah Financial - Saudi Fransi Capital - SNB Capital - Alistithmar Capital - Albilad Capital - ANB Capital |
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