‎Qualified investors initiate subscription in 5 mln shares of Ladun Funding this day

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Emblem of Ladun Funding Co.


Qualified investors initiate this day, Could well perchance maybe 22, subscription to 5 million shares of Ladun Funding Co. on Nomu Parallel Market, with an initial public offering (IPO) label range draw between SAR 15 and SAR 18 per half.   

The subscription duration will bustle five days unless Could well perchance maybe 26.  

The IPO of Ladun is the sixth on Nomu in 2022 after the offerings of 5 companies within the future of the year.  

On March 28, the Capital Market Authority (CMA) authorised the company’s application to supply 5 million of its capital on Nomu.   

The subscription is limited to determined lessons of investors. These lessons encompass capital market institutions approved to act on their absorb account, to boot to customers of capital market institutions approved to attain administration operations, offered that they are appointed below phrases that allow them to capture choices associated to accepting the participation within the half offering and investment within the parallel market on behalf of the customers, without their prior consent.  

They also encompass Saudi govt, any governmental body, any world entity authorised by the CMA or the Saudi market, or any assorted financial market identified by the CMA or the Securities Depository Heart (Edaa).  

They also encompass companies owned by the govt., directly or through a portfolio managed by a market institution approved to coach administration operations; investment funds; to boot to companies and funds established within the GCC countries.  

The investors certified to participate within the subscription encompass non-resident foreigners who are allowed to invest within the parallel market; , certified foreign financial institutions; and any ultimate person entitled to originate investment accounts inside the Kingdom and accounts with Edaa.  

Natural persons are also among the certified investors allowed originate investment accounts inside the Kingdom and accounts with Edaa, offered that they fulfil determined standards. They must have done gives in securities markets, at a total cost of no longer no longer as a lot as SAR 40 million, and no no longer as a lot as 10 gives in every quarter within the future of the previous 12 months. Natural persons must even have get assets cost of no longer no longer as a lot as SAR 5 million and be working or have labored for no longer no longer as a lot as three years within the financial sector. They must protect a typical certificate in securities dealing, authorised by the CMA; and to protect a genuine certificate within the subject of securities business, authorised by an internationally identified body.  

The list of certified investors also includes any assorted persons to be defined by the CMA.  

 Firm Profile   

Ladun used to be established in 2004 as a limited legal responsibility company in Riyadh with a capital of SAR 2.14 million.  

In 2011, Ladun used to be transformed correct into a closed joint stock company with fresh capital of SAR 500 million.   

In step with the company’s business register, it carries out trusty property activities, alongside side the acquisition and sale of land and trusty property, administration and condo of residential and non-residential properties, to boot to trusty property construction.  

Ladun covers the whole cost chain for trusty property construction and trusty property asset administration from come by, building and construction work to the delivery of electrical and mechanical engineering technology companies and products, supported by a specialized company to plan built-in sustainability standards, and a company specialized in importing materials and traditional gives for trusty property construction work.  

Meanwhile, the company gives technologies as smartly as construction, building and construction gives (air con and firefighting alternatives, building facades and aluminum panels, highly-efficient insulated concrete kinds ICF, and prefabricated walls) through a unfold of specialized factories. It also owns a company specialized within the administration of facilities (operation and maintenance) and civil security guards for residential and business compounds.

Firm Profile

Firm

 Ladun Funding

Market

Nomu- Parallel Market

Core activities

Pattern and administration of trusty property assets

Capital

SAR 500 mln

IPO Abstract

Venture percentage (%)

10%

Assortment of shares offered

5 mln

Qualified investors

Qualified investors

Minimal restrict

10 shares

Most restrict

2,499,990 shares

Subscription duration

Could well perchance maybe 22-26, 2022

Final allocation

Could well perchance maybe 31, 2022

Surplus refund (if any)

June 2, 2022

Firm Shareholders

Shareholders

Pre-IPO

Post-IPO

Assortment of shares

(‘000 shares)

Ownership%

Assortment of shares

(‘000 shares)

Ownership%

Ashar Funding

11949.99

23.90 %

6949.99

13.90 %

Al Adiyat Funding

9319.64

18.64 %

9319.64

18.64 %

Khalid Saad Saud Al Arifi

2328.39

4.66 %

2328.39

4.66 %

Sulaiman Al-Batli

2181.71

4.36 %

2181.71

4.36 %

Abdulaziz Saad Saud Al Arifi

2115.97

4.23 %

2115.97

4.23 %

Saud Saad Saud Al Arifi

2080.16

4.16 %

2080.16

4.16 %

Saad Nasser Saad Al Arifi

1412.33

2.82 %

1412.33

2.82 %

Mohammed Saad Saud Al Arifi

1398.93

2.80 %

1398.93

2.80 %

Mosaab Saad Saud Al Arifi

1383.44

2.77 %

1383.44

2.77 %

Hamad Saad Saud Al Arifi

1296.56

2.59 %

1296.56

2.59 %

Omar Saad Saud Al Arifi

1222.85

2.45 %

1222.85

2.45 %

Sulaiman Saad Saud Al Arifi

1220.49

2.44 %

1220.49

2.44 %

Musaed Saad Saud Al Arifi

1162.11

2.32 %

1162.11

2.32 %

Hessa Abdulaziz Hader

1050.68

2.10 %

1050.68

2.10 %

Abdullah Saad Saud Al Arifi

976.76

1.95 %

976.76

1.95 %

Ahmed Saad Saud Al Arifi

913.86

1.83 %

913.86

1.83 %

Nora Saad Saud Al Arifi

654.79

1.31 %

654.79

1.31 %

Khawla Saad Saud Al Arifi

630.17

1.26 %

630.17

1.26 %

Maha Saad Saud Al Arifi

617.46

1.23 %

617.46

1.23 %

Nawal Saad Saud Al Arifi

617.27

1.23 %

617.27

1.23 %

Al-Hanouf Saad Saud Al Arifi

616.02

1.23 %

616.02

1.23 %

Reem Saad Saud Al Arifi

613.80

1.23 %

613.80

1.23 %

Asmaa Saad Saud Al Arifi

576.01

1.15 %

576.01

1.15 %

Munira Saad Saud Al Arifi

574.01

1.15 %

574.01

1.15 %

Arwa Saad Saud Al Arifi

573.04

1.15 %

573.04

1.15 %

Al-Anoud Saad Saud Al Arifi

570.59

1.14 %

570.59

1.14 %

Aisha Saad Saud Al Arifi

540.79

1.08 %

540.79

1.08 %

Hend Saad Saud Al Arifi

533.12

1.07 %

533.12

1.07 %

Soaad Saad Saud Al Arifi

411.23

0.82 %

411.23

0.82 %

Sara Saad Saud Al Arifi

407.83

0.82 %

407.83

0.82 %

Ahmed Abdulaziz Al Batli

50.00

0.10 %

50.00

0.10 %

QFIs (the public)

5000

10.0 %

Total

50000

100 %

50000

100 %

Additional Knowledge

Financial handbook

Lead manager

Yaqeen Capital