Logo of Leaf Global Environmental Services Co.
Leaf Global Environmental Services Co. published the prospectus for offering 1.5 million shares, or 30% of the company’s share capital, on the Nomu-Parallel Market for a nominal value of SAR 5 per share.
For More IPOs
In March, the Capital Market Authority (CMA) approved the company’s application to list on Nomu.
The share sale will run for five working days from May 26-30, 2024.
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.
The company’s actual activity is represented in environmental services, which include multiple services, most notably environmental impact assessment, environmental compliance monitoring, construction management plan, ground surveys, environmental surveys, marine environment surveys, and marine monitoring such as water quality and seaweed, water, soil and sediment analysis, in addition to developing coral reefs and planting mangroves.
Company Profile
Company
Leaf Global Environmental Services Co.
Market
Nomu Parallel Market
Core Activities
Environmental services
Capital
SAR 25 mln
Number of Shares
5 mln shares
Share par value
SAR 5/share
IPO Summary
Issue Percentage
30%
Offered shares
1.5 mln shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
249,999 shares
Offer period
For five working days from May 26-30, 2024.
Final Allocation
June 6, 2024
Refund (if any)
June 11, 2024
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
Abdullah Saleh Mohammed Bin Laden
3.30
66.0%
3.275
65.5%
Ghaith Saleh Mohammed Bin Laden
1.70
34.0%
0.225
4.5%
The public (QFIs)
—
—
1.5
30.0%
Total
5.0
100%
5.0
100%
Additional Information
Financial Advisor and Lead Manager
Al Khair Capital
Receiving Banks
SNB Capital – Al Rajhi Capital – Saudi Fransi Capital – Riyad Capital – Albilad Capital – AlJazira Capital – Alinma Investment – Derayah Financial
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