Latest news with #Edaa
Argaam
6 days ago
- Business
- Argaam
SIDC gets CMA nod on capital hike via SAR 165M rights issue
The Capital Market Authority's (CMA) approved the request received from Saudi Industrial Development Co.'s (SIDC) for its planned capital top-up through a rights issue worth SAR 165 million, according to a statement today, Aug. 10. Subscription eligibility will be limited to shareholders registered with the Security Depository Center (Edaa) as of the closing of the second trading day after the deciding extraordinary general meeting (EGM), the date for which is yet to be set by SIDC's board of directors. The offering price and the number of shares on offer shall be determined by the company after the close of trading on the same day the EGM is due. The rights issue prospectus will be published to the public at a later date. The CMA's approval of the proposed move should never be considered as a recommendation to participate in the offer nor invest in the company's shares. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
Argaam
05-08-2025
- Business
- Argaam
CMA nods to Burgerizzr's capital hike to SAR 56M via bonus issue
The Capital Market Authority (CMA) approved Shatirah House Restaurant Co.'s (Burgerizzr) request to raise capital from SAR 35 million to SAR 56 million via a 3:5 bonus issue. In a statement today, Aug. 5, the market regulator said bonus shares will be eligible to shareholders registered with the Securities Depository Center Co. (Edaa) by the end of the second trading day following the record date, which will be determined later by the company's board of directors. The planned capital hike will be funded by capitalizing SAR 21 million from the company's retained earnings account. Consequently, the number of the company's outstanding shares will rise from 35 million to 56 million. The deciding extraordinary general meeting (EGM) shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws. According to Argaam 's data, Burgerizzr's board recommended, on Feb. 16, a 60% capital increase from SAR 35 million to SAR 56 million via a 3:5 bonus issue, to be funded by capitalizing SAR 21 million from retained earnings.
Argaam
03-07-2025
- Business
- Argaam
Edaa launches omnibus accounts for traded securities in Saudi market
The Securities Depository Center Co. (Edaa) launched the omnibus accounts for traded securities to enhance the Saudi capital market's attractiveness and operational efficiency for asset managers, according to Tadawul website. Omnibus accounts offer a powerful mechanism that introduces efficiency into transaction processing for asset managers through combining multiple investors into a single account managed by the asset manager, simplifying their investment experience. Through this latest initiative, Edaa seeks to enhance its custody model and enable asset managers to manage investors' assets more efficiently.
Argaam
22-06-2025
- Business
- Argaam
Subscription to Naf's 400,000 shares starts today on Nomu
Qualified investors started today, June 22, subscribing to 400,000 shares of Naf Company for Feed for Industry on the Nomu-Parallel Market at SAR 76 apiece. The shares on offer represent 20% of the company's pre-IPO capital of SAR 20 million, divided into two million shares at SAR 10 each. For More IPOs The share sale will run from June 22-26, 2025. Today's listings of Naf will bring this year's IPOs to 19. Nomu witnessed 28 IPOs in 2024. In March, the Capital Market Authority (CMA) approved Naf's application to offer its shares on Nomu. The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their accounts, as well as clients of capital market institutions authorized to carry out management operations. This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa). They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries. They also include investment funds and any legal person entitled to open investment accounts inside the Kingdom and with Edaa. Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below: They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months. Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector. They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body. Incepted in 2015, the company was established in Riyadh as a branch of a sole proprietorship under the name Naf Feed Factory for Industry Co. before transforming into a closed joint-stock firm. Its actual activity is the manufacturing and sale of feed products. Company Profile Company Naf Company for Feed for Industry Core Activities Manufacturing and sale of feed products Market Nomu-Parallel Market Capital SAR 20 mln Number of Shares 2 mln Nominal Value SAR 10 IPO Summary Issue Percentage 20% Offered Shares 400,000 IPO Minimum Limit 10 shares IPO Maximum Limit 90,000 shares Offer Period June 22-26, 2025 Final Allocation June 30, 2025 Surplus Refund (If any) July 2, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares ('000) Ownership (%) Number of Shares ('000) Ownership (%) Fayez Ithaar Talhab Al-Harbi 840 42% 672 33.6% Saud bin Habbas Al-Gharabi Al-Harbi 840 42% 672 33.6% Abdullah Sulaiman Al-Khalifa 320 16% 256 12.8% Qualified investors -- -- 400 20% Total 2000 100% 2000 100% Additional Information Financial Advisor TeamOne Consulting Lead Manager Derayah Financial
Qatar Tribune
21-06-2025
- Business
- Qatar Tribune
QFMA, QSE, Edaa showcase market strength at London conferences
Tribune News Network Doha The Qatar Financial Markets Authority (QFMA), Qatar Stock Exchange (QSE), and Edaa have successfully concluded their joint participation in the 4th HSBC GCC Conference, held in London from June 16 to 19, 2025, and the Qatar Investment Forum on June 18–19. These events highlighted Qatar's capital market developments and provided a platform for engagement with leading global asset managers and institutional investors. At the GCC conference, a high-level delegation led by the CEOs of QFMA, QSE, and Edaa met with a wide range of market participants including asset managers, prime brokers, and global custodians. The event featured opening remarks by the CEO of HSBC Qatar and a keynote address by Qatar's National Planning Council, which presented insights on Qatar National Vision 2030 and the Third National Development Strategy (NDS3). A panel discussion, moderated by QSE, included speakers from Ashmore Group, Global Infrastructure Partners – a BlackRock company, and the National Planning Council. The conference attracted over 300 participants, including representatives from 60 global investment institutions and more than 100 listed companies across the GCC. Qatar Stock Exchange showcased recent regulatory reforms, technological upgrades, and the growing appeal of its capital market to global investors seeking stable, long-term opportunities. As part of the conference agenda, QSE also took part in the GCC Exchanges CEOs Meeting on June 17, reinforcing regional cooperation and knowledge exchange. These engagements are in line with the broader goals of Qatar's Third Financial Sector Strategy, which aims to enhance the global competitiveness of the country's financial markets. In a dedicated outreach effort, QSE hosted a special investment forum in London, facilitating direct engagement between 15 QSE-listed companies and major institutional investors. Participating companies included Aamal Company, Commercial Bank of Qatar, Doha Bank, Gulf Warehousing Company, Industries Qatar, Mesaieed Petrochemical Holding Company, Qatar Aluminium (Qatalum), Gulf International Services, Masraf Al Rayan, Meeza, Milaha, Ooredoo, Qatar Insurance Company, Qatar Islamic Bank, and Qatar National Bank. During the forum, more than 190 one-on-one and group meetings were held between Qatari companies and global investment firms. Discussions covered financial performance, long-term growth strategies, and Qatar's evolving economic landscape. These interactions reflect QSE's ongoing efforts to deepen international investor engagement and support capital market expansion. QFMA CEO Dr Tamy bin Ahmed Al Binali said, 'Developing Qatar's financial market ecosystem requires strategic alignment among key stakeholders. Our joint participation in London reflects the strong synergy between the regulator, the exchange, and the central depository—working collectively to position Qatar as a reliable and competitive global investment hub.' Edaa CEO Sheikh Mohammed bin Jassim Al Thani said, 'Our participation alongside QFMA and QSE highlights Edaa's critical role in delivering reliable, efficient post-trade services. We remain focused on investor protection and strengthening market infrastructure in accordance with international best practices.' Qatar Stock Exchange CEO Abdulla Mohammed Al Ansari said, 'Promoting Qatar's capital market and showcasing the strengths of our listed companies are central to our mission. We are committed to expanding our investor base, attracting more foreign capital, and advancing capital market development in alignment with the Qatar National Vision 2030.' Qatar's capital markets continue to demonstrate resilience and growth. In the first quarter of 2025, QSE-listed companies posted a combined net profit of QR13.22 billion, driven by strong fundamentals and generous dividend distributions. This performance reflects effective collaboration among QFMA, QSE, and Edaa in strengthening the market infrastructure, expanding product offerings, and enhancing regulatory frameworks. Aligned with the Third Financial Sector Strategy and broader national objectives, these joint efforts are reinforcing both domestic and global investor confidence—solidifying Qatar's position as a leading investment destination in the region and beyond.
