Rawasi Albina announces Nomu listing document; sets price guidance at SAR 40/share

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. announced the registration document for listing its shares on Nomu-Parallel Market.

The company set the price guidance for trading its shares on Nomu at SAR 40 apiece.

The Capital Market Authority (CMA) approved, on June 15, 2022, the company’s application to list its shares on Nomu, Argaam earlier reported.

Company Profile

Rawasi Albina Investment Co. was established as a closed joint-stock company in 2008 in Riyadh. The company's capital currently stands at SAR 55 million.

The company's main activities are represented in infrastructure works for telecom, electricity and water projects, through extending electrical wires and networks, telecom cabins, water pipelines extension, as well as repair of water distribution main pipelines and stations.

Company Profile
Company	Rawasi Albina Investment Co.
Market	Nomu-Parallel Market
Core Activities	Telecom, water, energy and artificial intelligence
Status	Active
Capital	SAR 55 mln

Direct Listing Profile
Number of Shares	5.5 mln shares
Share Par Value	SAR 10
Share Price Guidance Upon Listing	SAR 40
Method of Setting Share Opening Price	The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified Investors	- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). - Qualified investors categories

Company Shareholders
Shareholders	Before Direct Listing
Shareholders	Number of shares (‘000)	Ownership (%)
Mohsen Al-Otaibi	1,992.5	36.23%
Saad Ammash Al-Shammari	440.0	8.00%
Saleh Al Olayan	275.0	5.00%
Other 57 shareholders (each owning less than 5%)	2,792.6	50.77%
Total	5,500.0	100%

Additional Information
Financial Advisor	Marifa Capital

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