Latest news with #bookbuilding
Argaam
4 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.
Argaam
26-05-2025
- Business
- Argaam
SMC extends book-building period
Specialized Medical Co. (SMC) said investors who already participated in the book-building process are offered the opportunity to either amend or cancel their bids submitted during the book-building period. As a result, the book-building period and the overall offer timeline were extended to allow sufficient time for qualifying investors to review the secondary supplementary prospectus and revisit their bids. During the extended book-building period, no new applications from investors will be allowed or accepted by the book-runners. SMC reaffirmed its full commitment to the IPO and listing process, adding that the IPO remains on track, and the fundamentals of the business and its long-term growth strategy remain unchanged. In its second supplementary prospectus issued on May 25, the company announced the postponement of the retail offering until June 15, 2025. The firm plans to float 75 million shares on the Main Market. These shares represent 30% of the company's SAR 250 million capital, according to data available with Argaam. New IPO Timetable Book-building Period Extension May 26-29, 2025 Final Price June 3, 2025 New Retail Offering Period June 15-16, 2025 Final Allocation June 24, 2025 Refund of Surplus Funds June 24, 2025
