Al-Fakhera debuts on Nomu today

10:26 AM (Mecca time) Argaam Special
Logo ofAl-Fakhera Men’s Tailoring Co.

Logo of Al-Fakhera Men’s Tailoring Co.


Shares of  Al-Fakhera Men’s Tailoring Co. will start trading on the Nomu-Parallel Market today, Nov. 28, with the symbol 9618 and ISIN Code SA165G34M915, at SAR 6 apiece.
The stock will trade with a daily price fluctuation limit of +/-30% and +/-10% static price fluctuation limits.
Al-Fakhera offered six million shares on Nomu, representing 20% of its pre-IPO capital (16.67% of post-capital), at SAR 6 each, with coverage ratio reaching 286.24%.
 

This is the 24th listing on Nomu this year, including three direct listings, and 21 offerings to qualified investors.

 

Last year, Nomu witnessed 35 IPOs, including six direct listings, and 29 offerings to qualified investors, in addition to one REIT.

 

Al-Fakhera’s listing would bring the number of listed companies on Nomu to 101, in addition to Alwaha REIT Fund.

 

Company Profile

 

Al-Fakhera Men's Tailoring was established in March 1978 in Riyadh and has 68 branches. It specializes in tailoring and sewing men's clothing, accessories, and selling fabrics.

 

According to its commercial registration, the company's activities include tailoring Arab and non-Arab men's clothing and retail selling of clothing accessories and supplies.

 

Company Profile

Company

Al-Fakhera Men's Tailoring Co.

Market

Nomu-Parallel Market

Core Activities

Tailoring and sewing men's clothing

Pre-IPO Capital

SAR 30 mln

Number of shares

30 mln

Post-IPO Capital

SAR 36 mln

Number of shares after IPO

36 mln

Share Par Value

SAR 1/share

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Sulaiman Al-Yahya​

25.65

85.5%

25.65

71.25%

Waqf Sulaiman Al-Yahya​

2.85

9.5%

2.85

7.92%

21 Individuals from the Al-Yahya​ Family*

1.50

5.0%

1.50

4.16%

The public (Qualified investors)

--

--

6.00

16.67%

Total

30.00

100%

36.00

100%

*Each owns 71,430 shares before and after the offering.

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