{"id":96761,"date":"2025-05-07T00:00:00","date_gmt":"2025-05-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/07\/anmat-is-taking-11-6-stake-to-nomu\/"},"modified":"2025-05-07T00:00:00","modified_gmt":"2025-05-07T00:00:00","slug":"anmat-is-taking-11-6-stake-to-nomu","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/07\/anmat-is-taking-11-6-stake-to-nomu\/","title":{"rendered":"Anmat is taking 11.6% stake to Nomu"},"content":{"rendered":"

<\/strong>Anmat gears <\/strong>up for a Nomu IPO:<\/strong> Multi-sector operator Anmat<\/a> is floating 5 mn new shares on Tadawul\u2019s parallel market Nomu, representing 11.63% of its post-IPO capital, as it seeks to raise fresh capital to help fund projects already in the pipeline, according to its IPO prospectus (pdf)<\/a>. The company lined up the Capital Market Authority\u2019s approval back in December<\/a>.<\/p>\n

Where the money is going: <\/strong>Some SAR 2.5 mn of total proceeds are earmarked to cover transaction-related costs. Meanwhile, net proceeds will be used to finance two of Anmat\u2019s already-awarded projects that are expected to cost some SAR 45 mn.<\/p>\n

Timeline: <\/strong>The subscription period will run between 22-27 May, during which qualified investors can book up to 2 mn shares each, with the minimum limit set at 100. The final allocation of shares is slated for Sunday, 1 June.<\/p>\n

Shareholding structure post-transaction: <\/strong>The company\u2019s two substantial shareholders will see their ownership diluted to c. 88.4%, down from 100%. Their shares will remain on lockup for 12 months from the first day of trading, and they will not receive any proceeds from the sale. <\/p>\n

By the numbers: <\/strong>Anmat\u2019s net income grew 31.7% y-o-y to SAR 3.9 mn in 1H 2024, while its revenue was up nearly 89% at SAR 83.2 mn over the same period.<\/p>\n

ADVISORS- <\/strong>Merchant\u2019s Capital is quarterbacking the transaction as financial advisor, with Alinma Capital serving as lead manager on the transaction. RSM is serving as independent auditor. Receiving agents include Al Jazira Capital, Albilad Capital, Alkhabeer Capital, and ANB Capital, among others. <\/p>\n

About Anmat: <\/strong>The diversified company operates across the construction, technology, and communication sectors. Founded in 2008, Anmat has since expanded its activities to include wholesale, trade, manufacturing, public services, and energy.<\/p>\n

Other Nomu listings to watch out for in 2025:<\/strong><\/p>\n