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×Brief
Company Status: | IPO |
Business Activity: | |
Current Capital: | 400.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Approved |
Exchange Market: | TASI |
Sector: | Services |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | - |
Issue Volume (M Riyal): | - |
Premium: | - |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 2.50 Million Shares |
Available Shares (Institutions): | 108.00 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 20.00 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds from the Offering (after deducting the Offering expenses estimated at SAR 45 million) will be distributed to the Selling Shareholders based on each Selling Shareholder’s percentage ownership in the Offer Shares, The Company will not receive any part of the Net Proceeds from the Offerin . |
Restrictions on Dealing in Shares: | Major shareholders in the Company shall be subject to a look-up period of (6) months starting from the date on which shares of the Company are traded in the market where they may not dispose shares during this period. After the lapse of this period, they may dispose their shares without the need to get a prior consent from the Authority . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/11/2024 |
The minimum & maximum offering price: | 5/26/2024 |
Subscription End Date: | 5/27/2024 |
Allocation Date: | 6/3/2024 |
Distribution Date: | 6/10/2024 |
Listing Date: | - |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Integrated Solutions Holding Company | 280.00 | 70.00 % | - |
Rafid Advanced Investment Company | 30.00 | 7.50 % | - |
Mohammed Abdulaziz Al Habib and Sons Holding Co. | 20.00 | 5.00 % | - |
Maalem Al Masah Real Estate Co. | 20.00 | 5.00 % | - |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | STAT Law Firm |
Auditor: | BDO Dr. Mohamed Al-Amri & Co. |
Receiving Bank: | The Saudi National Bank, Al Rajhi Bank, SNB Capital Company |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Saudi Manpower Solutions Co.
Related News
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SMASCO issues prospectus to float 120M shares on TASIArgaam29/04/2024
SMASCO gets CMA approval to float 30% stake on TASIArgaam13/03/2024
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