ITMAM Consulting issues prospectus for IPO on Nomu

17/12/2024 Argaam
Logo ofITMAM Consulting Co.

Logo of ITMAM Consulting Co.


ITMAM Consulting Co. issued today, Dec. 17, the prospectus to list three million shares on the Nomu-Parallel Market.

 

The offered shares represent 15% of the company's pre-IPO of SAR 20 million (divided into 20 million shares) at SAR 1 per share. These shares also represent 14.29% of post-IPO capital amounting to SAR 21 million.

 

For More IPOs

 

The IPO, limited to qualified investors according to the CMA regulations, will run for six working days from Jan. 5-12.

 

In October, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.

 

ITMAM Consulting was established in 2018 in Riyadh. The company's current actual activity is to provide management consulting services, including business transformation, assessment and commitment, capacity building and development.

 

The company's activities, as stated in its commercial register, include rehabilitating and restructuring the administrative, financial and operational processes of establishments, providing senior management consulting services, market research and opinion polls, integrated administrative services activities for offices, business incubators and accelerators activities (requires a license from the Small & Medium Enterprises General Authority), organizing and managing exhibitions and conferences, organizing and managing crowds, and operating exhibition and conference centers and facilities.

 

Company Profile 

Company 

ITMAM Consulting Co.

Market 

Nomu-Parallel Market

Core Activities 

Providing management consulting services

Capital before IPO

SAR 20 mln

Number of Shares 

20 mln

Capital after IPO

SAR 21 mln

New Number of Shares

21 mln

Par Value 

SAR 1 per share

 

IPO Summary

Issue Percentage

14.29% of post-increase capital (15% of pre-IPO capital)

Offered Shares

3 mln

IPO Minimum Limit

100 shares

IPO Maximum Limit

1049900 shares

Offer Period

Six working days from Jan. 5-12

Final Allocation

Jan. 15, 2025

Surplus Refund (If any)

Jan. 19, 2025

 

Company Shareholders

Shareholder

Pre-IPO

Post-IPO

Number of Shares

(‘000)

Ownership (%)

Number of Shares

(‘000)

Ownership (%)

Wajd Holding Group

4000

20.00%

3600

17.14%

Abdul Rahman Abdullah Hamoud Al Nuwaiser

2950

14.75%

2655

12.64%

Mohammed Suleiman Abdullah Al-Zaben

2950

14.75%

2655

12.64%

Asset Management Co.

2500

12.50%

2250

10.71%

Ali Mohammed Rashid Al-Balla

2400

12.00%

2160

10.29%

Adham Saleh Hamdam Jan Qari

2000

10.00%

1800

8.57%

Home of Future Administrative

2000

10.00%

1800

8.57%

Mohammed Saad Hamoud Al-Asimi

800

4.00%

720

3.43%

Abdulrahman Abdulmohsen Mohammed Al-Khalaf

100

0.50%

90

0.43%

Azzam Omar Abdulrahman Al-Mufdi

100

0.50%

90

0.43%

Abdulaziz Abdulrahman Abdullah Al-Faryan

100

0.50%

90

0.43%

Ruba Abdullah Muayyad Al-Thunayan

100

0.50%

90

0.43%

Qualified Investors

--

0.4%

3000

14.29%

Total

20000

100%

21000

100%

 

Additional Information

Financial Advisor & Lead Manager

Yaqeen Capital

Receiving Entities

Alinma Investment - Al Rajhi Capital - SNB Capital - BSF Capital - Riyad Capital - ANB Capital - Alistithmar Capital - Albilad Capital - AlJazira Capital - GIB Capital - Alkhabeer Capital - SAB Invest - Sahm Capital - Derayah Financial

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