Logo of ASG Plastic Factory Co.
ASG Plastic Factory Co. issued today, July 7, its prospectus to float 750,000 shares on Nomu-Parallel Market.
The offered shares represent 10.64% of post-IPO capital of SAR 70.5 million, or 11.90% of pre-IPO capital.
The share sale will run for seven working days from July 28 to Aug. 5.
It will be limited to qualified investors stipulated in the glossary of defined terms used in the Capital Market Authority’s (CMA) rules and regulations.
In March, the CMA approved the company's application to float its shares on Nomu.
ASG Plastic Factory’s activities, as stated in its commercial register, include the manufacturing of plastic boxes and containers, bottles in various forms of plastics, and disposable household and kitchen utensils and decorations.
The company's current actual activity, as of the date of this prospectus, is the production and sale of plastic juice containers, jars, spoons, forks, knives, gallons, and date boxes.
It was established in 2005 in Riyadh as a sole proprietorship owned by Hussa Al-Saloum. It was then converted into a limited liability company in 2011, before being a closed joint-stock company in 2023.
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Company Profile |
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Company |
ASG Plastic Factory Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of disposable plastic products |
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Pre-IPO Capital |
SAR 63 mln |
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Number of Shares Pre-IPO |
6.3 mln |
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Post-IPO Capital |
SAR 70.5 mln |
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Number of Shares Post-IPO |
7.05 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
10.64% of post-IPO capital (or 11.90% of pre-IPO capital) |
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Offered Shares |
750,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
352,000 shares |
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Offer Period |
7 days (July 28-Aug. 5, 2024) |
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Final Allocation |
Aug. 11, 2024 |
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Surplus Refund (If any) |
Aug. 13, 2024 |
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Company Shareholders |
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Shareholder |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Mohamed Fahd Nasser Al-Othman |
2898 |
46.00% |
2898 |
41.11% |
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Mohamed Fahd Nasser Al-Othman |
1890 |
30.00% |
1890 |
26.81% |
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Fahd Nasser Fahd Al-Othman |
504 |
8.00% |
504 |
7.15% |
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Hamad Nasser Fahd Al-Othman |
504 |
8.00% |
504 |
7.15% |
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Khalid bin Said bin Ahmed Abu Ras |
252 |
4.00% |
252 |
3.57% |
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Mohammed Abdullah Othman Al-Othman |
252 |
4.00% |
252 |
3.57% |
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The public (Qualified investors) |
-- |
-- |
750 |
10.64% |
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Total |
6300 |
100% |
7050 |
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 - Albilad Capital - Riyad Capital - SNB Capital - Alistithmar Capital - Alinma Investment - AlJazira Capital - ANB Capital - SAB Invest - Derayah Financial - Saudi Fransi Capital |
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