Hedab Alkhaleej issues prospectus for offering 0,8M shares on Nomu

27/01/2025 Argaam
Logo ofHedab Alkhaleej Trading Co.

Logo of Hedab Alkhaleej Trading Co. 


Hedab Alkhaleej Trading Co. issued today, Jan. 27, the prospectus to list 800,000 shares on the Nomu-Parallel Market.
 
The shares offered represent 11.94% of its pre-IPO capital and 10.67% of post-IPO capital.
 
 

Hedab Alkhaleej Trading Co. issued today, Jan. 27, the prospectus to list 800,000 shares on the Nomu-Parallel Market.

 

The shares offered represent 11.94% of its pre-IPO capital and 10.67% of post-IPO capital.

 

The company's pre-IPO capital stands at SAR 67 million, divided into 6.7 million shares with a nominal value of SAR 10 per share.

 

The offering period will run from Feb. 16-20, 2025.

 

The IPO and subscription of the company's shares will be limited to qualified investors.

 

Hedab Alkhaleej was established in 2002. According to its commercial registration, its activities include the general construction of residential and non-residential buildings, wholesale trade of bricks, blocks, tiles, stone, marble, ceramics, and porcelain, land transportation of goods, freight forwarding, buying and selling of land and real estate, as well as property and warehouse management and leasing.

 

Company Profile 

Company 

Hedab Alkhaleej Trading Co. 

Market 

Nomu - Parallel Market

Core Activities 

Construction of buildings & maintenance and repair of motor vehicles.

Pre-IPO Capital

SAR 67 mln

Number of Shares 

6.7 mln

Post-IPO Capital

SAR 75 mln

Number of shares after IPO

7.5 mln

Share Par Value 

SAR 10

 

IPO Summary

Issue Percentage

10.67% of post-IPO capital (11.94% of pre-IPO capital)

Offered shares

0.8 mln

IPO Minimum Limit

10 shares

IPO Maximum Limit

374,990 shares

Offer period

Five working days from Feb. 16-20, 2025

Final Allocation

Feb. 25, 2025

Refund (if any)

Feb. 27, 2025

 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Nasser Abdullah Saleh Al-Rashed Al-Hamid

3.39

50.72%

3.39

45.31%

Nayef Ibrahim Rashid Al-Rashed Al-Hamid

1.25

18.72%

1.25

16.72%

Omar Abdullah Saleh Al-Rashed Al-Hamid

0.49

7.32%

0.49

6.54%

Musaad Abdullah Saleh Al-Rashed Al-Hamid       

0.33

4.96%

0.33

4.43%

Hamid Ibrahim Rashid Al-Rashed Al-Hamid

0.24

3.60%

0.24

3.22%

Yasser bin Abdulaziz bin Ibrahim Al-Hamid

0.13

1.94%

0.13

1.74%

Mazen bin Abdulaziz bin Ibrahim Al-Hamid

0.13

1.94%

0.13

1.74%

Anas Abdulaziz bin Ibrahim Al-Hamid

0.13

1.94%

0.13

1.74%

Fahd Abdulaziz Abdullah Al-Nassar

0.12

1.80%

0.12

1.61%

Haila Abdulrahman Rashid Al-Ruqaybah

0.08

1.25%

0.08

1.12%

Noura Abdulaziz bin Ibrahim Al-Hamid

0.07

0.97%

0.07

0.87%

Lubna Abdulaziz bin Ibrahim Al-Hamid

0.07

0.97%

0.07

0.87%

Al-Anoud Abdulaziz bin Ibrahim Al-Hamid

0.07

0.97%

0.07

0.87%

Ahmed Abdullah Abdulrahman Al-Hujaylan

0.06

0.91%

0.06

0.81%

Ruqayyah Abdulaziz Hamoud Al-Bazai

0.05

0.67%

0.05

0.60%

Abdulaziz Hamid Ali Al-Hamed

0.04

0.63%

0.04

0.56%

Nouf Ibrahim Rashid Al-Rashed Al-Hamid       

0.03

0.45%

0.03

0.40%

Al Anoud Mohammed Saleh Al Nughaimeshi

0.02

0.22%

0.02

0.20%

Qualified Investors

0

0%

0.8

10.67%

Total

6.7

100%

7.5

100%

 

Additional Information

Financial Advisor and Lead Manager

Yaqeen Capital

Receiving Banks

Derayah Financial, 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

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