‎Osool & Bakheet issues prospectus to offer 1.5 mln shares on Nomu

Logo of Osool & Bakheet Investment Co.

Osool & Bakheet Investment Co. issued today, Sept. 25, a prospectus to sell 1.5 million ordinary shares, or 18.52% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.

According to the prospectus, the company will issue 2.1 million new shares, representing 25.92% of its post-increase capital, of which 1.5 million shares will be offered to qualified investors, while 600,000 shares, representing about 7.40%, will be allocated to the portfolio of employee incentive program as treasury shares.

The offering will run from Oct. 15-19.

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 (CMA).

Established in 2005, Osool & Bakheet Investment Co. operates with SAR 60 million capital, which will rise to SAR 81 million following the offering.

The company’s main activities are represented in dealing in securities, custody of securities, investment management and fund operation.

The CMA approved on June 22 the application received from the company to register its shares in direct listing on Nomu.

Company Profile

Company

Osool & Bakheet Investment Co.

Market

Nomu-Parallel Market

Core Activities

Dealing in securities, investment management, fund operation.

Capital

SAR 60 mln

Post-IPO Capital

SAR 81 mln

IPO Summary

Issue Percentage

18.519%

Offered shares

1.5 mln shares

Issued Treasury Shares

600,000 shares (representing 7.407% of total post-increase shares)

Total Issued Shares

2.1 million shares (representing 25.926% of total post-increase shares)

Minimum Limit

10 shares

Maximum Limit

404,999 shares

Offer period

From Oct. 15-19.

Final Allocation

Oct. 24, 2023

Refund (if any)

Oct. 26, 2023

Company Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership (%)

Number of Shares

(‘000 shares)

Ownership (%)

Bishr Mohammed Burhan Al-Din Yassin Bakheet

1344.13

22.40%

1344.13

16.59%

Abdul Rahman Yahya Abdullah Al Yahya

756.97

12.62%

756.97

9.35%

Saleh Mohammed Saleh Al-Hajjaj

750.00

12.50%

750.00

9.26%

Sultan Yahya Abdullah Al Yahya

345.00

5.75%

345.00

4.26%

Mansour Yahya Abdullah Al Yahya

345.00

5.75%

345.00

4.26%

Mazen Mohammed Nasser Al-Daoud

309.37

5.16%

309.37

3.82%

Khaled Abdul Rahman Mohammed Al-Mousa

269.75

4.50%

269.75

3.33%

Abdul Wahab Abdul Karim Abdul Rahman Al Butairi

1.00

0.02%

1.00

0.01%

Other shareholders owning less than 5% and the public

1878.77

31.31%

1878.77

23.20%

Osool & Bakheet Investment (treasury shares)

—

—

600.00

7.41%

Qualified Investors

—

—

1500.00

18.52%

Total

6000

100%

8100

100%

Additional Information

Financial Advisor  

Amwal Capital

Lead Manager

SICO Capital

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