{"id":94328,"date":"2025-02-12T00:00:00","date_gmt":"2025-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/12\/hedab-al-khaleej-sets-indicative-price-range-for-nomu-ipo\/"},"modified":"2025-02-12T00:00:00","modified_gmt":"2025-02-12T00:00:00","slug":"hedab-al-khaleej-sets-indicative-price-range-for-nomu-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/12\/hedab-al-khaleej-sets-indicative-price-range-for-nomu-ipo\/","title":{"rendered":"Hedab Al Khaleej sets indicative price range for Nomu IPO"},"content":{"rendered":"

<\/strong>HKC Ceramics (better known as Hedab Al Khaleej) is guiding on a price range of SAR <\/strong>48-52 per share for its pla<\/strong>nned Nomu debut<\/strong>, according to a filing<\/a> to Tadawul. At the top of the range, the marble and porcelain supplier could raise up to SAR 41.6 mn in IPO proceeds, valuing the company at SAR 390 mn at listing. <\/p>\n

REFRESHER- <\/strong>Hedab Al Khaleej is selling a 10.67% stake<\/a> on Tadawul\u2019s parallel market with the goal of raising capital to finance its expansion plans and reduce its existing liabilities. As with any Nomu IPO, subscription will be limited to qualified institutional investors (QIIs). The company\u2019s three substantial shareholders will see their ownership diluted to a combined 68.57% stake post-capital hike and IPO, down from 76.76%.<\/p>\n

What\u2019s next? <\/strong>A five-day subscription period will kick off on Sunday during which QIIs will be able to book up to 375k shares each, with the minimum limit set at 10 shares per investor. The final share allocation is slated for Tuesday, 25 February.<\/p>\n

ADVISORS- <\/strong>Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager, while PKF Al Bassam & Co. serves as legal accountant. Receiving agents<\/strong> include Derayah Financial, Al Rajhi Capital, SNB Capital, Alinma Investment, Albilad Capital, ANB Capital, BSF Capital, Riyad Capital, SAB invest, AlJazira Capital, Alistithmar Capital, AlKhabeer Capital, GIB Capital, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The could raise up to SAR 41.6 mn in IPO proceeds<\/p>\n","protected":false},"author":1,"featured_media":94329,"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":[10,3990,29,369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-hedab-al-khaleej","tag-ipo-watch","tag-nomu","wpautop","entry"],"acf":{"mongo_id":"ec35a1c8-1e17-4fa6-be4c-735b94247ee0","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1140.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hedab Al Khaleej sets indicative price range for Nomu IPO","related_issue":[94318],"teaser":"The could raise up to SAR 41.6 mn in IPO proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.1e2895fb-fb63-4bd6-82db-9947d0031963.mp3"},"yoast_head":"\nHedab Al Khaleej sets indicative price range for Nomu IPO - 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