Logo of Al Battal Factory for Chemical Industries Co.
Al Battal Factory for Chemical Industries Co. issued today, Nov. 21, the prospectus to float 670,000 shares, or 20.09% of post-IPO capital (22.33% of pre-IPO capital) on Nomu-Parallel Market.
The offered shares are divided into two sections: New shares resulting from capital increase (335,000 shares) and shares to be sold by shareholders (335,000 shares)
The share sale will run for five working days from Dec. 15-19, 2024.
Last September, the Capital Market Authority (CMA) approved the application received from the company to list its shares on Nomu-Parallel Market.
Al Battal Factory for Chemical Industries C. was initially established as a branch of Al Battal Holding Co. (a limited liability company) under the name of Al Battal Chemical Industries Factory in 2007, then transformed into a closed joint stock company.
The company's current actual activity is the manufacture of cellulose ether products such as polyanionic cellulose "PAC", carboxymethyl cellulose (CMC), salt auxiliary products, and thermal coating products.
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Company Profile |
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Company |
Al Battal Factory for Chemical Industries Co. |
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Market |
Nomu - Parallel Market |
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Core Activities |
Salt auxiliary products, thermal coating products |
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Capital before IPO |
SAR 30 mln |
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Number of Shares |
3 mln |
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Capital after IPO |
SAR 33.35 mln |
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Number of shares after IPO |
3.34 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
20.09% (22.33% of pre-IPO capital) |
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Offered shares |
670,000 shares |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
166,000 shares |
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Offer period |
The share sale will run for five working days from Dec. 15-19, 2024. |
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Final Allocation |
Dec. 24, 2024 |
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Refund (if any) |
Dec. 26, 2024 |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Al-Battal Investment Co. |
1652.7 |
55.09% |
1468.1 |
44.02% |
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Bassam bin Mohammed Al Dosari* |
300 |
10.00% |
266.5 |
8.99% |
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Other shareholders owning less than 5% (79 shareholders) |
1047.3 |
34.91% |
930.4 |
28.90% |
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QFIs |
-- |
-- |
670 |
20.09% |
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Total |
3000 |
100% |
3335 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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Receiving Banks |
Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Sahm Capital |
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