WAJA issues prospectus to float 455,000 shares on Nomu

Waja issues prospectus to float 455,000 shares on Nomu

Logo of WAJA Co.

WAJA Co. issued today, Jan. 22, the prospectus to list 455,000 shares, or 13% of capital, on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved in December 2022 the application received from the company to register and float its shares on Nomu.

The offering period will run from Feb. 12 to Feb. 19, it added.

The company was established in 2013 under the name WAJA Limited Liability Co. In 2021, it increased its capital to SAR 35 million and converted into a joint-stock firm.

WAJA's current activities are represented in interior design, information technology (IT), advertising and communications, in addition to preparing and equipping sites, then supplying furniture and furnishings, maintenance and operation.

The company operates its business through its headquarters in Riyadh.

Company Profile
Company	WAJA Co.
Market	Nomu-Parallel Market
Core activities	Interior design, IT and advertising and communications
Capital	SAR 35 mln
Total shares	3.5 mln

IPO Summary
Issue percentage	13%
Offered shares	455,000
Minimum limit	10 shares
Maximum limit	174,990 shares
Subscription period	From Feb. 12 to Feb. 19, 2023
Final allocation	Feb. 26, 2023
Refund (if any)	March 2, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Ibrahim Abdullah bin Abdul-Salam	2240	64%	1785.0	51.0%
Shareholders other than the public owning less than 5% (6 shareholders)	544.1	15.55%	544.1	15.55%
The public owning less than 5% (28 shareholders)	715.9	20.45%	715.9	20.45%
Qualified investors	--	--	455.0	13.0%
Total	3500	100%	3500	100%

Additional Information
Lead manager	Alinma Investment
Financial advisor	Marifa Capital

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