Leen Alkhair issues prospectus to offer 959,000 shares on Nomu


 Logo of Leen Alkhair Trading Co. 



Leen Alkhair Trading Co. issued today, Nov. 3, the prospectus to its planned initial public offering (IPO) of 958,750 shares, representing 23.5% of its share capital, on Nomu-Parallel Market.




The Capital Market Authority (CMA) approved, on Sept. 28, the company’s application to float part of its shares on Nomu, according to Argaam’s data.




Leen Alkhair’s main activities, according to the commercial register, are represented in the wholesale sale of vegetables, fruits, meat, dairy products, dates and other foodstuffs.




The offering, which will be limited to qualified investors, will run between Dec. 4-8, 2022, the prospectus indicated.




The following tables show the main details of Leen Alkhair’s IPO:












Company Profile

Company

Leen Alkhair Trading Co.

Market

Nomu-Parallel Market

Core Activities

Import and marketing of fresh vegetables and fruits

Pre-IPO Capital

SAR 36.72 mln

Post-IPO Capital

SAR 40.80 mln















IPO Summary

Issue Percentage

23.5%

Offered Shares

958,750

Subscriber Eligibility

Qualified investors

Minimum Limit

10 shares

Maximum Limit

203,979 shares

Subscription Period

Dec. 4-8, 2022

Final Allocation

Dec. 13, 2022

Surplus Refund (if any)

Dec. 15, 2022

















Company Shareholders

Shareholder

Pre-IPO

Post-IPO

Number of Shares


(‘000 shares)

Ownership


(%)

Number of Shares


(‘000 shares)

Ownership


(%)

Abdullah Al Shuraim

1396.00

38.02%

1186.60

29.08%

Saud Al Shuraim

523.50

14.26%

444.98

10.91%

Mohamed Al Shuraim

261.75

7.13%

222.49

5.45%

Fatima AlOthman

256.19

6.98%

217.76

5.34%

Five-Percent Shareholders (10 in total)

4.07

0.14%

3.46

0.12%

Public (279 shareholders)

1230.29

33.51%

1045.74

25.63%

Qualified Investors

958.75

23.50%

Total

3671.80

100%

4079.8

100%








Additional Information

Financial Advisor and Underwriting Manager

Yaqeen Capital