Logo of Alshehili Company
Alshehili Co. for Metal Industries issued its prospectus to float 500,000 shares on the Nomu-Parallel Market.
On Oct. 28, the Capital Market Authority (CMA) approved the company's IPO application.
The offered shares represent 25% of the company's pre-IPO capital, currently valued at SAR 20 million, divided into 2 million shares with a nominal value of SAR 10 each. These shares also make up 20% of the post-IPO capital, which will increase to SAR 25 million.
The IPO, limited to qualified investors according to the CMA regulations, will run from Jan. 5-13.
Established in August 2005 in Riyadh, Alshehili specializes in manufacturing semi-trailers, tankers, and material handling vehicles for construction trucks, truck heads, cooling units, bodies, and tail lifts, along with offering maintenance, repair, and modification services.
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Company Profile |
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Company |
Alshehili Co. for Metal Industries |
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Market |
Nomu-Parallel Market |
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Core Activities |
Manufacturing of trailers, vehicle production, and refrigeration units |
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Pre-IPO Capital |
SAR 20 mln |
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Number of Pre-IPO Shares |
2 mln |
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Post-IPO Capital |
SAR 25 mln |
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Number of Post-IPO Shares |
2.5 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
20% of post-IPO capital (representing 25% of pre-IPO capital) |
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Offered Shares |
2 mln |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
124,990 shares |
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Offer period |
7 days from Jan. 5-13, 2025 |
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Final Allocation |
Jan. 16, 2025 |
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Surplus Refund (If Any) |
Jan. 20, 2025 |
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Company 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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Hala Fahad Nasser Alshehili |
1,468.6 |
73.4% |
1,468.6 |
58.7% |
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Mishari Mutrib Ammar Al-Jubail |
90.0 |
4.5% |
90 |
3.6% |
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Rana Fahad Nasser Alshehili |
90.0 |
4.5% |
90 |
3.6% |
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Sana Fahad Nasser Alshehili |
90.0 |
4.5% |
90 |
3.6% |
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Abdullah Mohammed Abdullah Al-Abdullatif |
61.4 |
3.1% |
61.4 |
2.5% |
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Ali Al-Mohammed Al-Muneif & Brothers Co. |
57.1 |
2.9% |
57.1 |
2.3% |
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Maryam Abdulhadi Al-Fandi |
54.3 |
2.7% |
54.3 |
2.2% |
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Ahmed Samher Ali Al-Harbi |
28.6 |
1.4% |
28.6 |
1.1% |
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Saif Abdullah Mohammed Al-Abdullatif |
14.3 |
0.7% |
14.3 |
0.6% |
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Malik Abdullah Mohammed Al-Abdullatif |
14.3 |
0.7% |
14.3 |
0.6% |
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Mohammed Hassan Abdulrahman Al-Sabah |
14.3 |
0.7% |
14.3 |
0.6% |
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Youssef Nasser Alshehili |
10.0 |
0.5% |
10.0 |
0.4% |
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Faiz Nasser Alshehili |
7.1 |
0.4% |
7.1 |
0.3% |
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Qualified Investors |
-- |
-- |
500 |
20% |
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Total |
2,000 |
100% |
2,500 |
100% |
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Additional Information |
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Financial Advisor |
Arbah Capital |
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Lead Manager |
Forsa Capital |
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Receiving Entities |
Alinma Investment - Al Rajhi Capital - SNB Capital - BSF Capital - Riyad Capital - ANB Capital - Alistithmar Capital - Albilad Capital - AlJazira Capital - Yaqeen Capital - Alkhabeer Capital - SAB Invest - Sahm Capital - Derayah Financial |
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