{"id":91831,"date":"2024-11-24T00:00:00","date_gmt":"2024-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/"},"modified":"2024-11-24T00:00:00","modified_gmt":"2024-11-24T00:00:00","slug":"al-battal-factory-issues-prospectus-for-nomu-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/","title":{"rendered":"Al Battal Factory issues prospectus for Nomu IPO"},"content":{"rendered":"

Al Battal Factory for Chemical Industries Company<\/a><\/strong> is taking a 22.3% stake <\/strong>to the<\/strong> Nomu parallel market<\/strong>, it said in a prospectus (pdf)<\/a>. The 670k offered shares are split equally between newly issued shares and shares to be sold by existing shareholders. The chemicals manufacturing company lined up Capital Market Authority approval for the move in September<\/a>.<\/p>\n

Use of proceeds: <\/strong>After deducting SAR 2.8 mn in IPO-related expenses, 50% of the proceeds will go to selling shareholders. The remaining funds will be directed toward financing the company\u2019s working capital.<\/p>\n

Ownership structure + lockup: <\/strong>The IPO will see Al Battal Investment\u2019s stake in the company reduced to 44%, down from 55.1%, while indirect shareholder Bassam bin Mohammed Al Dosari will see his 10% stake decrease to 8%. Substantial shareholders will be restricted from trading their shares for 12 months from the first trading day.<\/p>\n

IPO timeline:<\/strong> Qualified investors can book shares between 15 and 19 December, with a minimum subscription limit of 10 shares and a maximum of 166.7k shares per investor. The final allocation of shares is slated for 24 December. <\/p>\n

Earnings snapshot:<\/strong> Al Battal reported a net income of SAR 4.5 mn in 1H 2024, up from SAR 2.5 mn in the same period last year. The company logged SAR 36.6 mn in revenues during the same period, up from SAR 24.1 mn. Al Battal\u2019s net income came in at SAR 11.9 mn in FY 2023, while revenues were SAR 72.3 mn. <\/p>\n

About Al Battal Factory:<\/strong> Al Battal Factory specializes in manufacturing cellulose ether products, including polyanionic cellulose, carboxymethyl cellulose, salt auxiliary products, and thermal coating solutions.<\/p>\n

ADVISORS<\/strong>-<\/strong> Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager with Moore serving as the auditor. Receiving agents include Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company reported SAR 4.5 mn in net income in 1H 2024<\/p>\n","protected":false},"author":1,"featured_media":91832,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[3113,2419,10,29,369,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-al-battal-factory-for-chemical-industries","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"0dffefce-f1ec-4098-a346-a9c2d721eda4","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2141.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chemical manufacturer Al Battal Factory issues prospectus for Nomu IPO","related_issue":[91823],"teaser":"The company reported SAR 4.5 mn in net income in 1H 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.1b357930-98e2-4525-8af0-d5227c06368b.mp3"},"yoast_head":"\nAl Battal Factory issues prospectus for Nomu IPO - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Battal Factory issues prospectus for Nomu IPO\" \/>\n<meta property=\"og:description\" content=\"The company reported SAR 4.5 mn in net income in 1H 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Battal Factory issues prospectus for Nomu IPO\",\"datePublished\":\"2024-11-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\"},\"wordCount\":310,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Battal Factory for Chemical Industries\",\"Capital Markets\",\"EnterpriseAM KSA\",\"IPO watch\",\"Nomu\",\"Tadawul\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\",\"name\":\"Al Battal Factory issues prospectus for Nomu IPO - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-24T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Al Battal Factory issues prospectus for Nomu IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Al Battal Factory issues prospectus for Nomu IPO - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Al Battal Factory issues prospectus for Nomu IPO","og_description":"The company reported SAR 4.5 mn in net income in 1H 2024","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/","og_site_name":"KSA","article_published_time":"2024-11-24T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Al Battal Factory issues prospectus for Nomu IPO","datePublished":"2024-11-24T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/"},"wordCount":310,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1","keywords":["Al Battal Factory for Chemical Industries","Capital Markets","EnterpriseAM KSA","IPO watch","Nomu","Tadawul"],"articleSection":["IPO WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/","name":"Al Battal Factory issues prospectus for Nomu IPO - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1","datePublished":"2024-11-24T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/24\/al-battal-factory-issues-prospectus-for-nomu-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Al Battal Factory issues prospectus for Nomu IPO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2141.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=91831"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91831\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/91823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/91832"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=91831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=91831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=91831"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=91831"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}