Riyadh-based Abdulaziz Altwijri Trading Company is taking a 20% stake good for 1 mn ordinary shares to the parallel market Nomu, according to its prospectus (pdf). The issuance is equivalent to 20% of its post-IPO capital.

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Subscription timeline: Qualified investors can each subscribe for a minimum of 10 shares and a maximum of over 240k shares over an eight-day subscription window from 2 to 9 November. The final allocation of shares is set for 12 November, with the surplus (if any) set to be refunded on the following two business days by 16 November.

Where’s the money going? The company will use the fresh funds to back its growth plans, including forging M&A agreements, purchasing a depot in Riyadh, and boosting its logistics.

Post-IPO structure: Mohammed and Khaled Altwijri will each retain over 1.2 mn shares, with their individual stakes decreasing to 24.4% from 30.5%. Abdullah Altwijri’s holding will similarly be reduced to 4.07% from 5.08%. These shares will be subject to a 12-month lock-up period starting from the first day of trading.

Finances at a glance: The company’s net income jumped 55% y-o-y to SAR 4.3 mn in 2024, while its revenues increased 5.3% y-o-y to SAR 131.3 mn.

About the company: Established in 2007, Abudulaziz Al Twirji Trading Company runs a diversified portfolio of businesses, including real estate, retail, F&B, medical consumer products, detergents, personal care products, and cargo shipments.

ADVISORS- The company tapped Yaqeen Capital as the sole financial advisor and lead manager of the transaction, while appointing RSM Global to provide counsel.

Receiving agents include Alistithmar Capital, Alinma Capital, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, AlRajhi Capital, Albilad Capital, Derayah Financial, BSF Capital, Sab Invest, Alkhabeer Capital, GIB Capital, Sahm Capital, Musharaka Capital, EFG Hermes, and Awaed Alosool Capital.

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