Latest news with #TASI
Argaam
10 hours ago
- Business
- Argaam
Sport Clubs debuts on TASI today at SAR 7.5/share
Sport Clubs Co. starts trading on the Main Market (TASI) today, July 22, under the symbol 6018 and ISIN Code SA56BG3IU118, at SAR 7.5 per share. The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. Starting the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply. For More IPOs Sport Clubs Co. is the ninth listing on TASI in 2025 after Almoosa Health Co. on Jan. 7, Nice One Beauty Digital Marketing Co. on Jan. 8, and Derayah Financial Co. on March 10. This is in addition to Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Umm Al Qura for Development and Construction Co. (UQDC) on March 24, United Carton Industries Co. (UCIC) on May 27, flynas on June 18, and Specialized Medical Co. (SMC) on June 25. In 2024, 13 companies listed on Tadawul, in addition to Alistithmar AREIC Diversified REIT Fund. Following the Sport Clubs Co. listing, the number of companies listed on TASI would reach 240, along with 19 real estate traded funds (REITs). The company offered 34.32 million shares, or 30% of its capital, on TASI. It allocated 80% of the shares to institutional investors, while the remaining 20% for retail investors. The retail IPO was 533.6% oversubscribed, with the order book reaching nearly SAR 247.7 million. Meanwhile, institutional IPO was 44.1x covered. A minimum of 10 shares was allocated to each retail investor, while the remaining shares will be allocated pro rata, with an average allocation factor of 12.5%. Company Info Sports Clubs is a Saudi closed joint-stock company, established in 1994 and headquartered in Riyadh. The company's main activities include the wholesale and retail trade of sports equipment, tools, and apparel; the purchase of land for the construction of buildings and investment therein through sale or lease for the benefit of the company; the construction, management, and maintenance of gymnasiums; general contracting for buildings; and electrical, mechanical, and electronic works. The company's current capital is SAR 114.4 million, divided into 114.4 million shares at a par value of SAR 1 per share. Company Profile Company Sport Clubs Co. Core Activities Establishment, management, and operation of sports clubs Pre-IPO Capital SAR 104 mln Number of Shares 104 mln Post-IPO Capital SAR 114.4 mln Number of Shares 114.4 mln Nominal Value SAR 1 per share Company Shareholders Shareholders Before IPO After IPO Number of Shares ('000) Ownership (%) Number of Shares ('000) Ownership (%) Alforas Alkhasa Investment Co. 41,600.00 40.00% 32,032.00 28.00% Alforas Almasiya Sports Co. 35,879.00 34.50% 27,626.83 24.15% Elaf Al Khaleej Trading Investment Co. 5,691.02 5.47% 4,382.08 3.83% Abdulkadir Almuhaideeb & Sons Co. 4,742.51 4.56% 3,651.73 3.19% Al-Fawzan Holding Co. 4,742.51 4.56% 3,651.73 3.19% Ammar Abdulwahid Falih Al-Khudairy 4,425.76 4.26% 3,407.84 2.98% Omran Mohammed Abdulrahman Al-Omran 1,822.53 1.75% 1,403.35 1.23% Prince Sultan Mohamed Saudi Al Kabeer Al Saud 1,215.02 1.17% 935.56 0.82% Abdullatif Alissa Group Holding Co. 1,215.02 1.17% 935.56 0.82% Abdulaziz Al-Sughair Trading Investment Co. 1,215.02 1.17% 935.56 0.82% Abdullah Saad Abdulrahman Al-Rashed 1,215.02 1.17% 935.56 0.82% Fahad Abdullah Abdul Latif Al-Mubarak 235.60 0.23% 181.42 0.16% Alforas Alfiddiya Investment Co. 1.00 0.001% 0.77 0.0007% Public -- -- 34,320.00 30.0% Total 104,000.00 100% 114,400.00 100%
Zawya
a day ago
- Business
- Zawya
Sport Clubs to start trading on Saudi stock exchange on July 22
The shares of Sport Clubs Co. will start trading on the Main Market (TASI) on Tuesday, July 22, according to the Saudi stock exchange. The company will trade under the symbol 6018 and ISIN Code SA56BG3IU118. The stock will have a daily and static price fluctuation limit of +/-30% and +/-10%, respectively. Sport Clubs floated 34.32 million shares, representing 33% of its capital, at a nominal value of SAR 1 per share. The retail tranche was oversubscribed by about 533.6%, with a minimum allocation of 10 shares per individual subscriber. Set up in 1994, Sports Clubs operates 56 branches across 18 cities in the kingdom. Its portfolio includes 41 men's clubs under the Body Masters brand, which was launched decades ago, and 15 women's clubs under the Body Motions brand, which was set up four years ago. (Editing by Seban Scaria
Argaam
a day ago
- Business
- Argaam
Obeikan Glass, Saudi Azm to debut on TASI today
Tadawul trading screen The Saudi Exchange (Tadawul) said shares of Obeikan Glass Co. will list in the Main Market (TASI) today, trading with the symbol 4145 in the Capital Goods sector. Moreover, shares of Saudi Azm for Communication and Information Technology Co. will also debut on TASI today, with the symbol 7211 in the Software & Services sector. Obeikan Glass and Saudi Azm's stock prices will trade at a 10% daily fluctuation limit. According to data available with Argaam, Tadawul approved on June 29 the requests of both Obeikan Glass and Saudi Azm to move from the Nomu-Parallel Market to TASI. Obeikan Glass has a capital of SAR 320 million, divided into 32 million shares at a nominal value of SAR 10 per share. The stock's last price on Nomu was SAR 38, which will be its opening price on TASI. Meanwhile, Saudi Azm's capital stands at SAR 30 million, with 60 million shares, at a par value of SAR 0.5 per share. The stock's last price on Nomu was SAR 30.24. The number of TASI-listed companies rose to 239, excluding 19 REITs. The number of companies listed on Nomu dropped to 121, excluding Alwaha REIT Fund. Company Profile: Obeikan Glass Obeikan Glass was established in Riyadh as a closed joint stock company, under the Articles of Association dated Dec. 23, 2006, Ministerial Resolution dated Sept. 9, 2007 and the minutes of the Constituent Assembly dated November 2007. The company manufactures, produces, and sells clear float glass and safety glass. The company was directly listed on the Nomu – Parallel Market on February 7, 2022, with a reference share price set at SAR 68 at the time of listing. Since its listing, the company increased its capital once in November 2023, from SAR 240 million to SAR 320 million, through the distribution of bonus shares. Saudi Azm: Saudi Azm was established in Riyadh as a limited liability company in 2017. It provides management advisory services, repair and maintenance of personal computers and laptops, and selling wired and wireless equipment and devices. The company was directly listed on the Nomu – Parallel Market on March 1, 2022, with a reference trading price set at SAR 70 per share. In June 2023, the company made a stock split, reducing the nominal value per share from SAR 10 to SAR 0.5. Saudi Azm Transition Details Item Nomu TASI Capital (SAR mln) 30.0 30.0 Number of Shares (mln) 3.0 60.0 Par Value per Share (SAR) 10 0.5 Sector Capital Goods Capital Goods Daily Fluctuation Limit 30% 10% Listing Price (SAR) 70.00 30.24 Share Trading Eligibility Qualified investors Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities The following table details companies that have transitioned from Nomu to TASI: Details of Companies' Transition to Main Market Company Board Approval Transfer Application Official Approval Listing Shares on TASI Al Kathiri Oct. 9, 2019 Oct. 15, 2019 Oct. 28, 2019 Nov. 3, 2019 Thob Al Aseel Oct. 6, 2019 Oct. 16, 2019 Nov. 4, 2019 Nov. 10, 2019 Abo Moati Oct. 6, 2019 Oct. 16, 2019 Nov. 4, 2019 Nov. 11, 2019 Raydan Oct. 8, 2019 Oct. 29, 2019 Nov. 17, 2019 Nov. 21, 2019 Baazeem Oct. 7, 2019 Nov. 14, 2019 Nov. 28, 2019 Dec. 4, 2019 Arab Sea Oct. 9, 2019 March 17, 2020 April 12, 2020 April 15, 2020 Al-Omran Feb. 16, 2020 June 15, 2020 July 15, 2020 July 21, 2020 Sadr Sept. 27, 2020 Nov. 2, 2020 Dec. 3, 2020 Dec. 10, 2020 Development Works Food Sept. 12, 2021 Nov. 4, 2021 Nov. 17, 2021 Nov. 23, 2021 Sumou May 15, 2022 May 24, 2023 Aug. 20, 2023 Sept. 7, 2023 Riyadh Cement June 29, 2022 June 18, 2023 Nov. 14, 2023 Dec. 5, 2023 Burgerizzr Oct. 12, 2023 June 13, 2024 Oct. 13, 2024 Nov. 4, 2024 Banan July 4, 2023 June 4, 2024 Nov. 18, 2024 Dec. 9, 2024 Jahez March 19, 2024 July 7, 2024 Nov. 18, 2024 Dec. 10, 2024 Raoom Dec. 14, 2023 June 11, 2024 Jan. 6, 2025 Jan. 27, 2025 Saudi Azm April 18, 2025 May 27, 2025 June 29, 2025 July 11, 2025 Obeikan Glass Dec. 27, 2023 May 23, 2025 June 29, 2025 July 11, 2025 Under the amended listing regulations issued by the CMA, companies planning to transfer from Nomu to TASI are obliged of the following: 1) Firms may only apply to transfer to the Main Market after two calendar years from listing on Nomu. 2) The average aggregate market value of the transferred shares must be at least SAR 200 million in the six-month period prior to the submission of application. 3) An issuer must disclose to the public the board report that includes all related information, before submitting the application. 4) Submitting the board of directors' approval on the transfer before the beginning of the trading session that follows the approval. 5) The issuer must disclose the transfer to the public upon submitting the apgplication. Trading on the issuer's shares will be suspended for a period not exceedin five trading sessions before debuting on the Main Market.
Argaam
2 days ago
- Business
- Argaam
Marketing Home issues prospectus to list 4.8M shares on TASI
Marketing Home Group Co. set a price range for its initial public offering (IPO) on the Main Marlet (TASI). The shares represent 30% of the company's SAR 160 million share capital, divided into 16 million shares, each with a nominal value of SAR 10. For More IPOs The IPO price will be determined after the book-building process. The subscription period will run for two working days, from Aug. 19-20. According to the prospectus, the book-building process and subscription period for participating entities will run from Aug. 3 to Aug. 7. The Capital Market Authority (CMA) approved in March 17 the company's application to list its shares on TASI. The subscription is limited to two categories of investors: Tranche (A) Participating Entities: This tranche includes the parties entitled to participate in the book-building process in accordance with the book-building instructions, including investment funds, companies, qualified foreign investors, GCC corporate investors, and certain other foreign investors pursuant to swap agreements. Tranche (B) Individual Subscribers: This tranche includes natural Saudi individuals, non-Saudi residents in the Kingdom, and GCC nationals. To be eligible, they must have an investment account and an active portfolio with a receiving agent and must also be eligible to open an investment account with a financial market institution. Key background Marketing Home Group is a privately held Saudi joint-stock company based in Riyadh. It began as a sole proprietorship in 2005. The group focuses on construction materials and brand development and management. Its activities include manufacturing concrete, cement, gypsum, and structural metal products, as well as building construction. The company also engages in wholesale fuel trading, solid, liquid, and gas and retail sales of hardware, paint, glass, home appliances, and furniture. It provides land freight and warehousing services. Its main business lines cover tiles and accessories, lighting products, sanitaryware, and HVAC systems. Company Profile Company Marketing Home Group Core Activities Specialized in building materials and brand management Capital SAR 160 mln Number of Shares 16 mln Share Par Value SAR 10 IPO Summary Issue Percentage 30% Offered shares 4.8 mln shares Total No. of Shares Offered to Individual Investors 960,000 shares (20%) IPO Minimum Limit (Participating Entities) 50,000 shares IPO Minimum Limit (Individual Subscribers) 10 shares IPO Maximum Limit (Participating Entities) 799,990 shares IPO Maximum Limit (Individual Subscribers) 250,000 shares Offer period From Aug. 19-20, 2025 Final Allocation Aug. 24, 2025 Refund (if any) Aug. 27, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares (mln shares) Ownership (%) Number of Shares (mln shares) Ownership (%) Musaad Algfari 6.40 39.98% 4.48 27.99% Ali Al-Dosari 5.42 33.86% 3.79 23.70% Mohammed AlZamil 1.33 8.31% 0.93 5.82% Other Shareholders 2.85 17.85% 2.00 12.49% Public -- -- 4.80 30.0% Total 16.00 100% 16.00 100% *Ocean Line is wholly owned by ARASCO, which holds the company's entire capital directly and indirectly before the offering.
Reuters
5 days ago
- Business
- Reuters
Most Gulf markets gain on earnings boost, but Saudi index extends losses
July 17 (Reuters) - Most major stock markets in the Gulf rose on Thursday, lifted by positive corporate earnings and announcements, although the Saudi index was set to extend losses for an eighth consecutive session. Dubai's main share index (.DFMGI), opens new tab advanced 1.2%, hitting a 17-1/2-year high, buoyed by financial shares. Shares of Emirates NBD ( opens new tab jumped 4%, on course to gain for a third consecutive session, after the top lender announced it had concluded 3.9 billion dirhams ($1.06 billion) in syndicated loans for Dubai Metro's Blue Line Project. Budget airliner Air Arabia ( opens new tab advanced 5.1% to a record high on plans to increase its Abu Dhabi unit's operational capacity by 40% this year, following Wizz Air Abu Dhabi's exit from the market. In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.6%. The Qatari index (.QSI), opens new tab gained 0.5%, supported by a 2.6% rise in Qatar Islamic Bank ( opens new tab after the lender reported higher half-yearly profit. The sharia-compliant lender reported on Wednesday a first-half net profit of 2.18 billion riyals ($598.46 million), up 5.3% from last year. Shares of Commercial Bank of Qatar ( opens new tab dropped 1.3%, a day after the lender posted a nearly 20% decline in net profit for the six-month period ended June 30. Saudi Arabia's benchmark index (.TASI), opens new tab eased 0.2%, on course to fall for a eighth consecutive session, with Al Rajhi Bank ( opens new tab losing 0.8%. Elsewhere, oil giant Saudi Aramco ( opens new tab was down 0.7%. ($1 = 3.6427 Qatar riyals) ($1 = 3.6726 UAE dirham)
