Latest news with #HawyiaAuctions
Argaam
14 hours ago
- Business
- Argaam
Hawiya completes residential real estate auction in Riyadh worth SAR 919.5M
Hawyia Auctions Co. announced it successfully held an auction, on June 24, for residential real estate located in the Al-Jawhara Masterplan in Al-Raed district of Riyadh. The properties are owned by Al-Jawhara Real Estate Development Co. (a single-person company under the Al-Jawhara Real Estate Fund). Total sales from the auction amounted to SAR 919.52 million, excluding VAT and commissions. In a statement on Tadawul, the company expected the auction to reflect positively on financial results for the six-month period ending June 30, 2025. The relevant positive impact may potentially extend to the annual financial statements ending Dec. 31, 2025. The success of this auction aligns with its ongoing strategy to market assets and properties on behalf of various entities.
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.
