Logo of Dar Almarkabah for Renting Cars Co.
Dar Almarkabah for Renting Cars Co. issued today, July 19, its prospectus to float 500,000 shares, or 20% of its SAR 20 million capital, on Nomu-Parallel Market.
The share sale will run from August 13-17 for qualified investors.
The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.
Dar Almarkabah for Renting Cars Co. is a closed Saudi joint stock company, established as a sole proprietorship in 2013. It is headquartered in Riyadh.
The company’s activity is represented in leasing cars with drivers and passenger cars without drivers.
The Capital Market Authority (CMA) approved on June 20, the application received from the company for the registration and offering of their shares on Nomu-Parallel Market.
Company Profile
Company
Dar Almarkabah for Renting Cars Co.
Market
Nomu Parallel Market
Core activities
Car rental
Capital
SAR 20 mln
Capital after IPO
SAR 25 mln
IPO Summary
Issue Percentage
20%
Offered shares
500,000 shares
Minimum Limit
10 shares
Maximum Limit
124,990 shares
Offer period
August 13-17, 2023
Final Allocation
Aug. 17, 2023
Refund (if any)
Aug. 24, 2023
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(‘000 shares)
Ownership (%)
Number of Shares
(‘000 shares)
Ownership (%)
Salah Bilal Mousa Alzahrani
1100.00
55%
1100.00
44%
Sharifa Muait Utaibi Alkanani Alzahrani
300.00
15%
300.00
12%
7 shareholders, each of whom owns less than 5% of capital
600.00
30%
600.00
24%
QFIs
—
—
500.00
20%
Total
2000.00
100%
2500.00
100%
Additional Information
Financial Advisor
Watheeq Financial Services
Lead Manager
Derayah Financial
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