ITMAM Consulting issues prospectus for IPO on Nomu

Logo of ITMAM Consulting Co.

ITMAM Consulting Co. issued today, Dec. 17, the prospectus to list three million shares on the Nomu-Parallel Market.

The offered shares represent 15% of the company's pre-IPO of SAR 20 million (divided into 20 million shares) at SAR 1 per share. These shares also represent 14.29% of post-IPO capital amounting to SAR 21 million.

For More IPOs

The IPO, limited to qualified investors according to the CMA regulations, will run for six working days from Jan. 5-12.

In October, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.

ITMAM Consulting was established in 2018 in Riyadh. The company's current actual activity is to provide management consulting services, including business transformation, assessment and commitment, capacity building and development.

The company's activities, as stated in its commercial register, include rehabilitating and restructuring the administrative, financial and operational processes of establishments, providing senior management consulting services, market research and opinion polls, integrated administrative services activities for offices, business incubators and accelerators activities (requires a license from the Small & Medium Enterprises General Authority), organizing and managing exhibitions and conferences, organizing and managing crowds, and operating exhibition and conference centers and facilities.

Company Profile
Company	ITMAM Consulting Co.
Market	Nomu-Parallel Market
Core Activities	Providing management consulting services
Capital before IPO	SAR 20 mln
Number of Shares	20 mln
Capital after IPO	SAR 21 mln
New Number of Shares	21 mln
Par Value	SAR 1 per share

IPO Summary
Issue Percentage	14.29% of post-increase capital (15% of pre-IPO capital)
Offered Shares	3 mln
IPO Minimum Limit	100 shares
IPO Maximum Limit	1049900 shares
Offer Period	Six working days from Jan. 5-12
Final Allocation	Jan. 15, 2025
Surplus Refund (If any)	Jan. 19, 2025

Company Shareholders
Shareholder	Pre-IPO		Post-IPO
Shareholder	Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Wajd Holding Group	4000	20.00%	3600	17.14%
Abdul Rahman Abdullah Hamoud Al Nuwaiser	2950	14.75%	2655	12.64%
Mohammed Suleiman Abdullah Al-Zaben	2950	14.75%	2655	12.64%
Asset Management Co.	2500	12.50%	2250	10.71%
Ali Mohammed Rashid Al-Balla	2400	12.00%	2160	10.29%
Adham Saleh Hamdam Jan Qari	2000	10.00%	1800	8.57%
Home of Future Administrative	2000	10.00%	1800	8.57%
Mohammed Saad Hamoud Al-Asimi	800	4.00%	720	3.43%
Abdulrahman Abdulmohsen Mohammed Al-Khalaf	100	0.50%	90	0.43%
Azzam Omar Abdulrahman Al-Mufdi	100	0.50%	90	0.43%
Abdulaziz Abdulrahman Abdullah Al-Faryan	100	0.50%	90	0.43%
Ruba Abdullah Muayyad Al-Thunayan	100	0.50%	90	0.43%
Qualified Investors	--	0.4%	3000	14.29%
Total	20000	100%	21000	100%

Additional Information
Financial Advisor & Lead Manager	Yaqeen Capital
Receiving Entities	Alinma Investment - Al Rajhi Capital - SNB Capital - BSF Capital - Riyad Capital - ANB Capital - Alistithmar Capital - Albilad Capital - AlJazira Capital - GIB Capital - Alkhabeer Capital - SAB Invest - Sahm Capital - Derayah Financial

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