Logo of Raoom Trading Co.
Raoom Trading Co. issued the prospectus for its share sale on Parallel Market (Nomu).
The company plans to offer 20% of its capital to qualified investors.
The share sale will run from Jan. 30, 2022 to Feb. 3, 2022.
The offering will be confined to qualified investors, as per the Rules On The Offer Of Securities And Continuing Obligations. Qualified investors include the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in the GCC countries; investment funds and the natural persons allowed to open investment accounts in the Kingdom and with Edaa.
Those investors are required to have executed deals in securities markets, with a total value of not less than SAR 40 million, and not less than 10 deals in each quarter during the past 12 months; have net asset value of no less than SAR 5 million; have been working or have for at least three years in the financial sector; holds a general certificate in securities dealing, approved by CMA; and holds a professional certificate in the field of securities business, approved by an internationally recognized body.
Qualified investors include any other persons to be determined by CMA.
Raoom Trading was established in 1992. The Buraydah-based company has SAR 50 million capital.
The company trades in glass, mirrors, aluminum decorations. It also operates in manufacturing industries; building and construction; transportation, storage and cooling; financial services; social and personal services; trade and information technology; security and safety; agriculture and fishing; mines and oil; electricity, gas and water activities.
Company Profile | |
Company | Raoom Trading Co. |
Market | Parallel Market (Nomu) |
Core Activities | Trading in glass, mirrors, and aluminum decorations |
Capital | SAR 96 mln |
IPO Summary | |
Issue percentage (%) | 20% |
Number of shares offered | 1 mln |
Qualified subscribers | Qualified investors |
Minimum limit | 10 shares |
Maximum limit | 249,990 shares |
Subscription period | Jan. 30-Feb. 3 |
Final allocation | Feb. 8 |
Surplus Refund (if any) | Feb. 13 |
Additional Information | |
Lead Manager | Al Nefaie Investment Group |
Financial Advisor | Wasatah Capital |
Company’s Shareholders | ||||
Shareholders | Pre-Offering | Post-Offering | ||
No. of Shares (‘000) | Ownership% | No. of Shares (‘000) | Ownership% | |
Abdulaziz Abdullah Al Humaid | 3400 | 68.0% | 2720 | 54.4% |
Raoom Abdulaziz Al Humaid | 200 | 4.0% | 160 | 3.2% |
Reema Abdulaziz Al Humaid | 200 | 4.0% | 160 | 3.2% |
Raghad Abdulaziz Al Humaid | 200 | 4.0% | 160 | 3.2% |
Shahd Abdulaziz Al Humaid | 200 | 4.0% | 160 | 3.2% |
Nawra Abdulaziz Al Humaid | 200 | 4.0% | 160 | 3.2% |
Ghala Abdulaziz Al Humaid | 175 | 3.5% | 140 | 2.8% |
Hala Abdulaziz Al Humaid | 175 | 3.5% | 140 | 2.8% |
Mohammed Abdulaziz Al Humaid | 100 | 2.0% | 80 | 1.6% |
Janna Abdulaziz Al Humaid | 50 | 1.0% | 40 | 0.8% |
Donia Abdulaziz Al Humaid | 50 | 1.0% | 40 | 0.8% |
Lina Abdulaziz Al Humaid | 50 | 1.0% | 40 | 0.8% |
Qualified Investors (Public) | — | — | 1000 | 20% |
Total | 5000 | 100% | 5000 | 100% |
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