Abdulaziz Ahmad Altwijri Trading is guiding on a SAR 22-25 price range for its 20% stake IPO on Tadawul’s parallel market Nomu, financial advisor Yaqeen Capital said in a disclosure to Tadawul. At the top of the range, the pricing would give it a market cap of SAR 125 mn at listing and should see it raise some SAR 25 mn in IPO proceeds.

Qualified investors have until Sunday, 9 November to subscribe to the offering, after the window opened today. Each investor can subscribe to a minimum of 10 shares, and a maximum of 250k. The final allocation of shares is slated for 12 November, while refunds (if any) will take place on 16 November.

REFRESHER- 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. 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.

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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