United Mining Industries issues prospectus for 12.5% IPO on Nomu

Logo of United Mining Industries Co.

United Mining Industries Co. issued today, Sept. 3, its prospectus to float 1.75 million shares, or 12.5% of its SAR 140 million capital, on Nomu-Parallel Market.

The share sale will run from Sept. 26 to Oct. 2 for qualified investors.

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

United Mining Industries was established in 2006 in Jeddah as a closed joint stock company.

The company's core activity is represented in the manufacture of gypsum boards, gypsum powder, cement boards and false ceilings.

The CMA approved, in June, the application submitted by the company to register and offer 1.75 million shares, or 12.5% of its capital, on Nomu.

Company Profile
Company	United Mining Industries Co.
Market	Nomu-Parallel Market
Core Activities	Building and construction
Capital	SAR 140 mln

IPO Summary
Issue Percentage	12.5%
Offered Shares	1.75 mln
Minimum Limit	10 shares
Maximum Limit	699,972 shares
Offer Period	Sept. 26- Oct. 2, 2023
Final Allocation	Oct. 5, 2023
Refund (if any)	Oct. 9, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (mln shares)	Ownership (%)	Number of Shares (mln shares)	Ownership (%)
Al Rashid Development Co. Ltd (Rashidco)	3.83	27.33%	3.35	23.91%
Abdulkader Al-Muhaideb and Sons Co.	3.18	22.75%	2.79	19.90%
Al Moajil Trading and Contracting Co.	3.09	22.08%	2.70	19.32%
Other shareholders (owning less than 5% of capital)	3.90	27.84%	3.41	24.37%
Qualified investors	--	--	1.75	12.50%
Total	14.00	100%	14.00	100%

Additional Information
Financial Advisor	Alkhair Capital

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