Please use a PC Browser to access Register-Tadawul
Get It
IPO Monitor | Overview for The Next IPO in Saudi Market: Al Majed for Oud Company
Tadawul All Shares Index 0.00%
ALMAJED OUD -0.72%
Tadawul All Shares Index TASI.SA | 0.00 | |
ALMAJED OUD 4165.SA | 0.00 |
Overview of the Offering
Almajed for Oud Co., a prominent Saudi Arabian company specializing in perfumes and oud products, has announced its intention to offer 7.5 million shares on the Main Market (TASI), representing 30% of the company's capital.
Subscription Period and Details
The subscription period for participating entities, including the book-building process, is scheduled to last five days, commencing on August 25 and concluding on August 29. Following this, retail investors will have a single day to subscribe, with the offering period set for September 15.
Eligibility for Retail Investors
The offering will be open to retail subscribers, including Saudi nationals, non-Saudi residents, and GCC citizens. To participate, individuals must have a bank account with one of the designated receiving entities and be eligible to open an investment account with a financial institution. The company has allocated up to 1.5 million shares, or 20% of the total offering, specifically for retail investors.
Company Background
Founded in 1982 and headquartered in Riyadh, Almajed Oud has established itself as a leader in the production and retail of a variety of fragrance-related products. The company's portfolio includes perfumes, oud, incense, aromatic oils, plant-based products, as well as accessories and gifts.
IPO Profile
| Category | Details |
|---|---|
| Company | Almajed for Oud Co. |
| Market | Main Market (TASI) |
| Core Activities | Production and retail of perfumes, oud, incense, and aromatic oils |
| Capital | SAR 250 million |
| Number of Shares | 25 million |
| Par Value | SAR 10/share |
IPO Summary
| Category | Details |
|---|---|
| Issue Percentage | 30% |
| Number of Offered Shares | 7.5 million |
| Qualified Subscribers | Qualified entities & Retail investors |
| Minimum Number of Offer Shares to be Applied for by Individual Investors | 10 shares |
| Minimum Number of Offer Shares to be Applied for by Participating Parties | 50,000 shares |
| Maximum Number of Offer Shares to be Applied for by Individual Investors | 250,000 shares |
| Maximum Number of Offer Shares to be Applied for by Participating Parties | 1,249,999 Shares. With respect to public funds only, the number of Offer Shares shall not exceed the maximum number of Offer Shares which has determined for each participating public fund, pursuant to the Book Building Instructions. |
Key Dates
| Event | Hijri Date | Gregorian Date |
|---|---|---|
| Offering Period for Participating Parties and Book Building Period | 21/02/1446H - 25/02/1446H | 25/08/2024G - 29/08/2024G |
| Deadline for submission of Subscription Forms by Participating Parties based on the provisional allocation of Offer Shares | 05/03/1446H | 08/09/2024G |
| Submission Period for Individual Investors | 12/03/1446H | 15/09/2024G |
| Deadline for payment of subscription money by Participating Parties based on their provisional allocation of Offer Shares | 07/03/1446H | 10/09/2024G |
| Deadline for submission of Subscription Application Forms and payment of the subscription monies by Individual Investors | 12/03/1446H | 15/09/2024G |
| Announcement of final Offer Shares allotment | 16/03/1446H | 19/09/2024G |
| Refund of excess subscription monies (if any) | 21/03/1446H | 24/09/2024G |
| Expected trading commencement date for the Shares | To be announced | To be announced |
Note: The above timetable and dates therein are indicative. Actual dates will be communicated through announcements on the Tadawul website (https://www. saudiexchange.sa), and the Company’s website (www.almajed4oud.com)
- Reporting by Zaid, Sahm News team