Latest news with #AlAskar
Argaam
06-05-2025
- Business
- Argaam
Hawyia Auctions issues prospectus for Nomu IPO
Hawyia Auctions Co. issued today, May 6, the prospectus to list 2.4 million shares, or 12% of capital, on the Nomu-Parallel Market. The share sale will run for four working days from May 26-29, 2025. The Capital Market Authority (CMA) approved, in March the application received from the company to register its shares for direct listing on Nomu. Hawyia Auctions was established as a limited liability company in 2019 in Riyadh. It was converted into a closed joint stock company in 2024. The company's current activity is to provide auction organization and management services, estate settlement, and exclusive real estate marketing. IPO Summary Issue Percentage 12% Offered shares 2.4 mln Offer Price SAR 13 IPO Minimum Limit 10 shares IPO Maximum Limit 9.9 mln shares Offer period From May 26-29, 2025 Final Allocation June 2, 2025 Refund (if any) June 4, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares (mln) Ownership (%) Number of Shares (mln) Ownership (%) Sulaiman Real Estate Co. 10.80 54.0% 9.50 47.5% Mohammed Abdullah Mohammed Al-Olayan* 4.88 24.4% 4.29 21.5% Abdullah Imad Hamad Al-Askar** 3.92 19.6% 3.45 17.3% Mohammed Ibrahim Hamad Al-Tuwaijri*** 0.40 2.0% 0.35 1.8% QFIs -- -- 2.40 12.0% Total 20.0 100% 20.0 100% *Board Chairman Mohammed Abdullah Mohammed Al-Olayan, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of 0.22% of its capital, of which the issuer owns 54%. His indirect ownership represents 0.12% of the issued capital before the IPO and 0.11% of issued capital after the IPO. **Vice Chairman Abdullah Imad Hamad Al-Askar, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of 4.18% of its capital, of which the issuer owns 54%. His indirect ownership represents 2.25% of the issued capital before the IPO and 1.98% of issued capital after the IPO. ***Shareholder Mohammed Ibrahim Hamad Al-Tuwaijri, has an indirect ownership in the issuer resulting from his direct ownership of Al-Sulaiman Real Estate Company (a major shareholder) of which the issuer owns 54%. His indirect ownership represents 0.06% of the issued capital before the IPO and 0.05% of issued capital after the IPO.
Sharjah 24
24-04-2025
- Business
- Sharjah 24
SEWA showcases digital transformation in the Netherlands
Developing effective digital channels Dr Hussein Al Askar, Director of SEWA's Customer Service Department, highlighted in his keynote address that the Authority has achieved notable success in boosting customer satisfaction and minimizing the need for in-person visits to service centers. This progress stems from the Authority's investment in effective digital platforms—chief among them the SEWA smart application, which boasts a user rating above 4.5 stars, one of the highest in the regional utilities sector. Virtual assistant "Nafaa" Al Askar also showcased 'Nafaa,' SEWA's AI-powered virtual assistant. The smart assistant delivers fully automated, 24/7 customer support, addressing over 90% of user needs with performance levels rivaling those of human representatives. "Nafaa" is deeply integrated with SEWGA's systems, underscoring the Authority's commitment to leveraging advanced technology. Integration with Sharjah Digital Initiative In his presentation, Al Askar underscored SEWA's collaboration with the broader Sharjah Digital Initiative. By integrating with entities such as Sharjah Municipality, the Emirates Identity and Citizenship Authority (EIDA), and the Department of Economic Development, SEWA has helped streamline public services. This interconnectivity has simplified administrative procedures and accelerated the completion of customer transactions, reducing the need for visits to multiple departments. International recognition and praise The Authority's digital transformation efforts drew praise from conference attendees, who regarded SEWGA's model as both inspiring and replicable—particularly in its automation and innovation strategies. Al Askar concluded by noting SEWA's continued push for digital excellence, citing its recent achievement: the Best Digital Transformation in Customer Service Award, presented at the Government Innovation Festival in Singapore, as a testament to its leadership in the sector.
Sharjah 24
13-02-2025
- Entertainment
- Sharjah 24
Sharjah Fort hosts 'Hag Al Laila', promoting UAE traditions.
As stated by Al Askar, "Hag Al Laila" is a much-loved event that preserves Emirati culture while also bringing back fond memories of one's youth. By teaching kids to be thankful and respectful when they get presents from their elders, this ceremony hopes to inculcate traditional values in the next generation. Embracing the rich customs of this longstanding institution, the event at Sharjah Fort offered fascinating games and thrilling competitions ideal for everyone, marking the commencement of the holy month of Ramadan.
