Mulkia Investment issues prospectus to offer 1.3 mln shares on Nomu

Logo of Mulkia Investment Co.

Mulkia Investment Co. issued on Sept. 17 a prospectus to sell 1.3 million ordinary shares, or 20% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.

The company’s capital stands at SAR 65 million, divided into 6.5 million shares.

The offering will run from Oct. 22-30.

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

Mulkia Investment was established in 2013 as a Saudi investment firm (closed Saudi joint stock company) with SAR 65 million capital.

Headquartered in Riyadh, Mulkia Investment operates in the securities business including trading and arranging of securities, custody securities, investment management, operation of funds and advisory services.

Company Profile
Company	Mulkia Investment Co.
Market	Nomu-Parallel Market
Core Activities	Securities trading, investment management, and fund operations
Current Capital	SAR 65 mln

Offer Details
Issue Percentage	20%
Offered Shares	1.3 mln
IPO Minimum Size	10 shares
IPO Maximum Size	324,999 shares
Offer Period	Oct. 22-30, 2023
Final Allocation	Nov. 6, 2023
Surplus Refunds	Nov. 8, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (mln)	Ownership (%)	Number of Shares(mln)	Ownership (%)
Mulkia Trading Co.	1206.6	18.56%	947.9	14.58%
Nahaz Investment Co.	1148.3	17.67%	902.2	13.88%
Ibrahim Mohammed Ibrahim Al-Hadithi	1148.3	17.67%	902.2	13.88%
Badr Mohammed Abdulaziz Al-Deghaither	650.0	10.00%	510.7	7.86%
Ziad Abdul Latif Ali Al-Issa	315.0	4.85%	247.5	3.81%
Others (79 shareholders)	2031.8	31.25%	1689.5	25.99%
Qualified investors	--	--	1300.0	20.00%
Total	6500	100%	6500	100%

Additional Information
Financial Advisor and Lead Manager	AlJazira Capital
Receiving Banks	AlJazira Capital and Derayah Financial

For More IPOs

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