‎Retal points prospectus for 30% IPO on Tadawul

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Mark of Retal City Pattern Co.


Retal City Pattern Co. announced at present time the prospectus for the initial public offering (IPO) of 12 million shares on the Saudi Switch (Tadawul).

The Capital Market Authority’s (CMA) board issued a resolution on March 16 approving the corporate’s place a question to to offer 12 million shares, which signify 30% of the corporate’s capital, in a public offering.

Retal City Pattern Co. is a closed joint inventory company established in 2012 in Khobar City, and is tantalizing within the come and implementation of residential and commercial initiatives.

Since its establishment in 2012, Retal has built a varied true estate portfolio that entails more than 30 accomplished and underneath-constructing initiatives, consisting of seven,284 housing devices across the Kingdom. About 2,957 devices were accomplished by the conclude of September 2021.

Participating parties: This tranche contains the parties entitled to participate within the e-book constructing job as specified underneath the e-book-constructing instructions. The choice of shares that shall be allotted within the starting place is 12 million, representing 100% of the total IPO. Final allocation of the offer shares shall be made after the conclude of the subscription duration for particular particular person investors. The lead managers shall have the staunch to cut the selection of shares allotted to taking part parties to 10.8 million shares, representing 90% of the total offer shares.

Particular person investors: This tranche contains Saudi Arabian natural persons, to boot to to any non-Saudi natural one that is resident within the Kingdom or any GCC natural persons, equipped that they’ve a checking narrative with one in every of the receiving entities and are allowed to beginning an funding narrative. The choice of shares offered for retail investors amounts to 1.2 million shares maximum, or 10% of total offered shares.

Company Profile

Company

Retal City Pattern Co.

Market

Foremost market

Core Actions

Construction, true estate activities, administrative products and services and enhance products and services.

Capital 

SAR 400 mln

Possibility of shares

40 mln shares

IPO Summary

Narrate share (%)

30%

Possibility of shares offered

12 mln shares

Certified subscribers

– Participating categories that encompass funding funds, QFIs, upright entities and GCC investors.

– Retail investors

IPO minimum restrict for retail investors

10 shares

Minimal size for institutional investors

100,000 shares

IPO maximum size for retail investors

250,000 shares

Maximum size for institutional investors

1,999,999 shares, and with appreciate to public funds finest

equipped it does no longer exceed the maximum restrict for every taking part fund, which is determined as per e-book constructing instructions.

Registering requests duration

E-book constructing duration

From Would possibly perchance perchance 25 to Would possibly perchance perchance 31, 2022

Retail subscription duration

Two days from June 5 to June 6, 2022

Final portion

June 12, 2022

Surplus refunds

June 14, 2022

Special Records

Monetary advisor, lead manager, underwriter and e-book runner

SNB Capital

Receiving banks

Saudi National Bank – Riyad Bank – Bank Albilad

Company’s Foremost Shareholders

Shareholders

Sooner than IPO

After IPO

Possibility of shares

(‘000 shares)

Ownership (%)

Possibility of shares

(‘000 shares)

Ownership (%)

Al-Fawzan Conserving Co.

37,500.00

93.75%

26,250.00

65.63%

Abdullah bin Faisal bin Abdulaziz Al-Braikan

2000.00

5.00%

1400.00

3.50%

Al Sahm Conserving Co.

125.00

0.31%

87.50

0.22%

Athman Conserving Co.

125.00

0.31%

87.50

0.22%

Gheras Conserving Co.

125.00

0.31%

87.50

0.22%

Maali Al Khaleej Trading Co.

125.00

0.31%

87.50

0.22%

Public

12000.00

30%

Whole

40000.00

100.00%

40000.00

100.00%

For Extra IPOs