Armah Sports issues prospectus to float 4.9 mln shares on Nomu

Logo of Armah Sports Company (Armah Sports)

Armah Sports Company issued today, Oct. 22, the prospectus to list 4.93 million shares on the Nomu-Parallel Market.

The shares offered constitutes 15% of the company’s post-IPO capital, which amounts to SAR 328.59 million and is divided into 32.86 million shares. The offering consists of selling 821,292 existing shares and issuing 4.11 million shares.

The share sale will run from Nov. 9-16 for qualified investors.

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

Armaah Sports, established in 2019 in Riyadh, is a Saudi closed joint-stock company specializing in overseeing sports facilities and centers for both men and women. Its primary activities include constructing, managing, operating, and maintaining sports clubs.

On July 20, the CMA approved the company’s application to offer its shares on Nomu.

Company Profile
Company	Armah Sports Co.
Market	Nomu-Parallel Market
Core Activities	Sports Halls and Centers
Capital Pre-IPO	SAR 287.53 mln
Capital Post-IPO	SAR 328.59
Number of shares	32.86 mln

IPO Summary
Issue Percentage	15% of post-IPO capital (17.14% of pre-IPO capital)
Offered Shares	4.93 mln
Minimum Limit	10 shares
Maximum Limit	1,642,957 shares
Offer Period	Nov. 9-16, 2023
Final Allocation	Nov. 21, 2023
Refund (if any)	Nov. 23, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	No. of shares (‘000)	Ownership (%)	No. of shares (‘000)	Ownership (%)
Jiad United for Real Estate Development Co.	7.42	25.81%	7.42	22.58%
Abdulmohsen Ali Mohammed Alhagbani	4.52	15.71%	4.34	13.22%
Nahla Ali Alhagbani	2.95	10.25%	2.83	8.62%
Latifa Alhagbani	2.42	8.42%	2.33	7.08%
Khalid Ali Alhagbani	1.82	6.34%	1.75	5.34%
Fahd Ali Alhagbani	1.50	5.20%	1.44	4.38%
Other shareholders (owning less than 5% of capital)	8.12	28.27%	7.82	23.80%
Qualified investors	--	--	4.93	15.00%
Total	28.75	100%	32.86	100%

Additional Information
Financial Advisor and Lead Manager	Saudi Fransi Capital (SFC)

For More IPOs

Prospectus

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