Latest news with #QualifiedInvestors
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
Argaam
18-06-2025
- Business
- Argaam
Zahr Al Khuzama gets CMA nod for 20% stake sale on Nomu
The Capital Market Authority (CMA) approved today, June 18, the application submitted by Zahr Al Khuzama Aluminum Co. to register and offer about 300,000 shares, on the Nomu-Parallel Market. The stake represents 20% of the company's total share capital, the market regulator said in a statement. The offer will be only for qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date. The CMA's approval is valid for six months from the date of the resolution. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.
Zawya
30-05-2025
- Business
- Zawya
Al Kuzama Trading to debut on Saudi's Nomu on June 2
Shares of Al Kuzama Trading Company will be listed on the Nomu-Parallel Market on June 2. The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange said in a statement. This month, the company sold 422,400 shares on Nomu, representing 10.71% of its post-IPO capital, to qualified investors. The offering was 108.38% oversubscribed, with the price set at SAR 107 per share. The minimum and maximum subscriptions were fixed at 10 and 197,100 shares, respectively. (Editing by Seban Scaria
