Al Moammar Information Systems Co. issued a prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) after obtaining the approval of the Capital Market Authority (CMA) in December.
The company will float 4.8 million of its shares in a public offering.
The retail offering will run from March 17-21, 2019.
The IPO targets two tranches:
Institutional investors: Including all categories of investors entitled to participate in the book-building process. The company will offer 100 percent (4.8 million shares) of total offering size to institutional investors, subject to a scaleback to 90 percent (4.32 million shares).
Retail investors: Including Saudi and GCC individual investors. Up to 10% of the offering size (480,000 shares) will be allocated to individuals.
|
Major Shareholders |
||||
|
Shareholder |
Number of shares before IPO (mln) |
Stake |
Number of shares after IPO (mln) |
Stake |
|
Ibrahim Al Moammar |
5.53 |
34.56 % |
3.87 |
24.20 % |
|
Khalid Al Moammar |
5.05 |
31.56 % |
3.54 |
22.10 % |
|
Other shareholders* |
5.42 |
33.88 % |
3.79 |
23.70 % |
|
Public |
-- |
-- |
4.80 |
30.00 % |
|
Total |
16.00 |
100 % |
16.00 |
100 % |
*Each shareholder owns stake below 5%.
|
Company’s Profile |
|
|
Company |
Al Moammar Information Systems |
|
Market |
TASI |
|
Main activities |
Providing services and integrated solutions for information technology and communications |
|
Status |
Active |
|
Capital |
SAR 160 mln |
|
IPO Summary |
|
|
Issue size |
30% |
|
Number of shares offered |
4.80 mln shares |
|
IPO Price |
Will be determined through book building |
|
Qualified subscribers |
Categories contributing to book building- Saudi retail investors |
|
IPO minimum for retail investors |
10 shares |
|
IPO minimum for institutional investors |
100,000 shares |
|
IPO maximum for retail investors |
250,000 shares |
|
IPO maximum for institutional investors |
799,999 shares |
|
IPO period for institutional investors and book building |
Feb. 27- March 7 |
|
IPO period for retail investors |
March 17-21 |
|
Allotment date |
March 28 |
|
Surplus refund |
March 28 |
Al Moammar Information Systems generated a net profit of SAR 11.81 million in H1 2018, versus net losses of SAR 8.86 million in year-earlier period.
|
Additional Information |
|
|
Financial advisor, lead manager, underwriter |
Saudi Fransi Capital |
|
Receiving banks |
BSF,Riyad, SABB |
|
Income Statement (SAR mln) |
|||
|
Period |
H1 2017 |
H1 2018 |
Variation |
|
Revenue |
253.95 |
395.52 |
+56% |
|
Net Profit |
(8.86) |
11.81 |
-- |
|
Average number of shares (mln) |
5.00 |
5.00 |
-- |
|
EPS (SAR/share) |
(1.77) |
2.36 |
-- |
|
Sales and Net Profit (SAR mln) |
||||
|
Period |
2014 |
2015 |
2016 |
2017 |
|
Revenue |
568.53 |
716.81 |
654.02 |
842.80 |
|
Net Profit |
40.01 |
40.91 |
36.08 |
76.81 |
|
Average number of shares (mln) |
5.00 |
5.00 |
5.00 |
5.00 |
|
EPS (SAR/share) |
8.00 |
8.18 |
7.22 |
15.36 |
|
Balance Sheet (SAR mln) |
|||||
|
Item |
2014 |
2015 |
2016 |
2017 |
June 2018 |
|
Cash & cash equivalent |
78.15 |
44.56 |
50.69 |
55.81 |
28.16 |
|
Current assets |
405.35 |
532.47 |
538.58 |
732.18 |
853.46 |
|
Non-current assets |
4.73 |
5.28 |
4.29 |
50.65 |
48.98 |
|
Total assets |
410.08 |
537.75 |
542.87 |
782.82 |
902.44 |
|
loans |
149.57 |
215.24 |
162.18 |
179.10 |
213.15 |
|
Current liabilities |
256.41 |
366.51 |
360.17 |
485.77 |
629.07 |
|
Non-current liablities |
8.93 |
10.91 |
11.91 |
138.63 |
113.24 |
|
Total liabilities |
265.34 |
377.42 |
372.08 |
624.40 |
742.31 |
|
Capital |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
|
Shareholders’ equity |
144.74 |
160.33 |
170.79 |
158.42 |
160.13 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}