AI Summary
Logo of Service Equipment Co.
Service Equipment Co. issued today, March 17, the prospectus for its planned offering of 720,000 shares on the Nomu-Parallel Market.
The offer shares represent 30% of the company’s total 2.4 million share capital.
The offering period will run from April 13-17.
The Capital Market Authority (CMA) approved the Nomu listing of Service Equipment in December 2024.
The company’s current activities cover the distribution and marketing of products, supplies, equipment, and related services in the fields of maintenance workshop equipment, hand tools, diagnostic and inspection equipment, oil and lubrication systems, maintenance services, fuel station equipment and accessories, and car wash systems.
According to its commercial register, the company’s activities also include installing machinery and equipment, wholesale trading of transportation equipment (excluding cars, motorcycles, and electric vehicles), wholesale and retail trading of industrial machinery and equipment spare parts, and retail sales of fuel station equipment and spare parts, including fuel pumps and general storage facilities.
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Company Profile |
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Company |
Service Equipment Co. |
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Market |
Parallel Market-Nomu |
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Core Activities |
Provision of maintenance equipment, such as car lifts, car wash systems, and fuel station equipment |
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Capital (Pre- & Post- Offering) |
SAR 24 mln |
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Number of Shares (Pre- & Post- Offering) |
2.4 mln |
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Nominal Value Per Share |
SAR 10 |
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Offering Details |
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Offering Percentage |
30 % |
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Number of Offer Shares |
720,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
119,990 shares |
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Offer Period |
April 13-17, 2025 |
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Final Allocation |
April 22, 2025 |
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Surplus Refund (if any) |
April 24, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Ahmed Omar Abu Bakr Balubaid Holding Co. |
2,112.00 |
88.00 % |
1,478.400 |
61.60 % |
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Omar Abu Bakr Balubaid Co. Ltd. |
288.00 |
12.00 % |
201.60 |
8.40 % |
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Qualified Investors |
-- |
-- |
720.00 |
30.00 % |
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Total |
2,400.00 |
100 % |
2,400.00 |
100 % |
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Additional Information |
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Financial Advisor & Lead Manager |
Yaqeen Capital |
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Receiving Entities |
Derayah Financial, 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 |
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