Logo ofAl Battal Factory for Chemical Industries Co.
Investors start today, Dec. 15, subscription to Al Battal Factory for Chemical Industries Co.‘s 670,000 shares on the Nomu-Parallel Market. The price range was set between SAR 54 and SAR 63 a share. 
The shares on offer represent 20.09% of the company’s post-IPO capital of SAR 33.35 million, and 22.33% of the pre-IPO capital.
The company’s capital will be raised to SAR 33.35 million, divided into 3.34 million shares, at a par value of SAR 10 each.
The subscription period will run for five days until Dec. 19.
The IPO of Al Battal Factory today brings the total number of listings on Nomu to 27 this year, following the cancellation of Al-Hokail Academy Specialized Digital Polyclinics Co.’s offering and the postponement of Kinan International for Real Estate Development Co.’s listing.
In September 2024, the Capital Market Authority (CMA) approved Al Battal Factory’s request to register and float its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts. This is in addition to clients of capital market institutions authorized to carry out management operations, provided they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government, or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository CenterCo.(Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Additionally, the qualified investorsinclude anylegal person entitled to open investment accounts inside the Kingdom and with Edaa,as well asnaturalpersons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,includingthe below:
They should have executed transactions in thecapitalmarkets worth a minimum of SAR 40 million and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in thefinancial sector.
They should holda CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors also includes any other persons as defined by the CMA.
Company Profile
Al Battal Factory was initially established as a branch of Al-Battal Holding Co., a limited liability company, under the name “Al Battal Factory for Chemical Industries Co.” in 2007. It was later converted into a closed joint-stock company.
The company mainly operates in the production of cellulose ether products, such as Poly Anionic Cellulose (PAC), Carboxymethyl Cellulose (CMC), as well as salt flux and thermal coating products.
Company Profile
Company
Al Battal Factory for Chemical Industries Co.
Market
Nomu-Parallel Market
Core Activities
Salt flux and thermal coating products
Capital before IPO
SAR 30 mln
Number of Shares
3 mln
Capital after IPO
SAR 33.35 mln
Number of Shares after IPO
3.34 mln
Share Par Value
SAR 10
IPO Summary
Issue Percentage
20.09% (22.33% of pre-IPO capital)
Offered Shares
670,000 shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
166,740 shares
Offer Period
Five working days from Dec. 15-19, 2024
Final Allocation
Dec. 24, 2024
Refund (if any)
Dec. 26, 2024
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Al-Battal Investment Co.
1652.7
55.09%
1468.1
44.02%
Bassam bin Mohammed bin Saad Al Dosari*
300
10.00%
266.5
8.99%
Other shareholders owning less than 5% (79 shareholders)
1047.3
34.91%
930.4
28.90%
QFIs
—
—
670
20.09%
Total
3000
100%
3335
100%
*The indirect ownership of Bassam bin Mohammed Al Dosari results from his37.50% direct ownership in Al Battal Investment Co. Al Battal Investment holds 55.09% of the company.
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
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
Logo ofAl Battal Factory for Chemical Industries Co.
Investors start today, Dec. 15, subscription to Al Battal Factory for Chemical Industries Co.‘s 670,000 shares on the Nomu-Parallel Market. The price range was set between SAR 54 and SAR 63 a share.
The shares on offer represent 20.09% of the company’s post-IPO capital of SAR 33.35 million, and 22.33% of the pre-IPO capital.
The company’s capital will be raised to SAR 33.35 million, divided into 3.34 million shares, at a par value of SAR 10 each.
The subscription period will run for five days until Dec. 19.
The IPO of Al Battal Factory today brings the total number of listings on Nomu to 27 this year, following the cancellation of Al-Hokail Academy Specialized Digital Polyclinics Co.’s offering and the postponement of Kinan International for Real Estate Development Co.’s listing.
In September 2024, the Capital Market Authority (CMA) approved Al Battal Factory’s request to register and float its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts. This is in addition to clients of capital market institutions authorized to carry out management operations, provided they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government, or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository CenterCo.(Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Additionally, the qualified investorsinclude anylegal person entitled to open investment accounts inside the Kingdom and with Edaa,as well asnaturalpersons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,includingthe below:
They should have executed transactions in thecapitalmarkets worth a minimum of SAR 40 million and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in thefinancial sector.
They should holda CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors also includes any other persons as defined by the CMA.
Company Profile
Al Battal Factory was initially established as a branch of Al-Battal Holding Co., a limited liability company, under the name “Al Battal Factory for Chemical Industries Co.” in 2007. It was later converted into a closed joint-stock company.
The company mainly operates in the production of cellulose ether products, such as Poly Anionic Cellulose (PAC), Carboxymethyl Cellulose (CMC), as well as salt flux and thermal coating products.
Company Profile
Company
Al Battal Factory for Chemical Industries Co.
Market
Nomu-Parallel Market
Core Activities
Salt flux and thermal coating products
Capital before IPO
SAR 30 mln
Number of Shares
3 mln
Capital after IPO
SAR 33.35 mln
Number of Shares after IPO
3.34 mln
Share Par Value
SAR 10
IPO Summary
Issue Percentage
20.09% (22.33% of pre-IPO capital)
Offered Shares
670,000 shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
166,740 shares
Offer Period
Five working days from Dec. 15-19, 2024
Final Allocation
Dec. 24, 2024
Refund (if any)
Dec. 26, 2024
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Al-Battal Investment Co.
1652.7
55.09%
1468.1
44.02%
Bassam bin Mohammed bin Saad Al Dosari*
300
10.00%
266.5
8.99%
Other shareholders owning less than 5% (79 shareholders)
1047.3
34.91%
930.4
28.90%
QFIs
—
—
670
20.09%
Total
3000
100%
3335
100%
*The indirect ownership of Bassam bin Mohammed Al Dosari results from his37.50% direct ownership in Al Battal Investment Co. Al Battal Investment holds 55.09% of the company.
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
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
