Logo ofShmoh Almadi Co.
Qualified investors start today, Dec. 24, subscription to Shmoh Almadi Co.‘s 1.4 million shares on the Nomu-Parallel Market. The price range was set at SAR 22 through the book-building process. 
The shares on offer represent 14.89% of the company’s post-IPO capital of SAR 40 million, and 17.5% of the pre-IPO capital.
The company’s capital will be raised to SAR 47 million, divided into 9.4 million shares, at a par value of SAR 5 each.
The subscription period will run for eight days until Dec. 31.
The IPO of Shmoh Almadi today brings the total number of listings on Nomu to 28 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, the Capital Market Authority (CMA) approved the company’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 Center Co. (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 investors include any legal person entitled to open investment accounts inside the Kingdom and with Edaa, as well as natural persons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:
They should have executed transactions in the capital markets 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 the financial sector.
They should hold a 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
Shmoh Almadi was established as a sole proprietorship in Riyadh in 2006 and later converted into a shareholding company.
The company’s activities, as stated in its commercial register, include the manufacture of bread and its products by automated bakeries; biscuits of all kinds; popular food bread; and raw pastry sheets including matai. This is in addition to the manufacture of popular and oriental sweets of all kinds, land transportation of goods, and transportation of refrigerated and frozen goods. The company’s activities also include refrigerated food stores, storage in silos of grain, flour, and agricultural products, as well as refrigerated and dry food stores, retail sale of bakery products and sweets.
Company Profile
Company
Shmoh Almadi Co.
Market
Nomu
Core Activities
Confectioneries
Pre-IPO Capital
SAR 40 mln
Number of Shares
8 mln
Post-IPO Capital
SAR 47 mln
Number of shares after IPO
9.4 mln
Share Par Value
SAR 5
IPO Summary
Issue Percentage
14.89% (17.5% of pre-IPO capital)
Offered shares
1.4 mln
IPO Minimum Limit
10 shares
IPO Maximum Limit
469,990 shares
Offer period
8 days from Dec. 24-31, 2024
Final Allocation
Jan. 5, 2025
Refund (if any)
Jan. 7, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Fahad Mohammed Abdullah Al-Khudairi
3200
40.00%
3200
34.04%
Thani Abdulaziz Abdulrahman Al-Ahmed
1600
20.00%
1600
17.02%
Ahmed Abdulaziz Abdulrahman Al-Ahmed
1360
17.00%
1360
14.47%
Mishari Fahd Mohammed Al-Khudairi
320
4.00%
320
3.40%
Abdullah Abdulaziz Abdulrahman Al-Ahmed
240
3.00%
240
2.55%
Fahad Abdulaziz Abdulrahman Al-Ahmed
240
3.00%
240
2.55%
Yazid Abdullah Ali Hammad
80
1.00%
80
0.85%
Abdullah Fahad Mohammed Al-Khudairi
320
4.00%
320
3.40%
Abdulaziz Thani Abdulaziz Al-Ahmed
320
4.00%
320
3.40%
Ahmed Thani Abdulaziz Al-Ahmed
320
4.00%
320
3.40%
QFIs
—
—
1400
14.89%
Total
8000
100%
9400
100%
Additional Information
Financial Advisor and Lead Manager
Value Capital
Receiving Banks
Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and Derayah Financial.
Logo ofShmoh Almadi Co.
Qualified investors start today, Dec. 24, subscription to Shmoh Almadi Co.‘s 1.4 million shares on the Nomu-Parallel Market. The price range was set at SAR 22 through the book-building process.
The shares on offer represent 14.89% of the company’s post-IPO capital of SAR 40 million, and 17.5% of the pre-IPO capital.
The company’s capital will be raised to SAR 47 million, divided into 9.4 million shares, at a par value of SAR 5 each.
The subscription period will run for eight days until Dec. 31.
The IPO of Shmoh Almadi today brings the total number of listings on Nomu to 28 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, the Capital Market Authority (CMA) approved the company’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 Center Co. (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 investors include any legal person entitled to open investment accounts inside the Kingdom and with Edaa, as well as natural persons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:
They should have executed transactions in the capital markets 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 the financial sector.
They should hold a 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
Shmoh Almadi was established as a sole proprietorship in Riyadh in 2006 and later converted into a shareholding company.
The company’s activities, as stated in its commercial register, include the manufacture of bread and its products by automated bakeries; biscuits of all kinds; popular food bread; and raw pastry sheets including matai. This is in addition to the manufacture of popular and oriental sweets of all kinds, land transportation of goods, and transportation of refrigerated and frozen goods. The company’s activities also include refrigerated food stores, storage in silos of grain, flour, and agricultural products, as well as refrigerated and dry food stores, retail sale of bakery products and sweets.
Company Profile
Company
Shmoh Almadi Co.
Market
Nomu
Core Activities
Confectioneries
Pre-IPO Capital
SAR 40 mln
Number of Shares
8 mln
Post-IPO Capital
SAR 47 mln
Number of shares after IPO
9.4 mln
Share Par Value
SAR 5
IPO Summary
Issue Percentage
14.89% (17.5% of pre-IPO capital)
Offered shares
1.4 mln
IPO Minimum Limit
10 shares
IPO Maximum Limit
469,990 shares
Offer period
8 days from Dec. 24-31, 2024
Final Allocation
Jan. 5, 2025
Refund (if any)
Jan. 7, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Fahad Mohammed Abdullah Al-Khudairi
3200
40.00%
3200
34.04%
Thani Abdulaziz Abdulrahman Al-Ahmed
1600
20.00%
1600
17.02%
Ahmed Abdulaziz Abdulrahman Al-Ahmed
1360
17.00%
1360
14.47%
Mishari Fahd Mohammed Al-Khudairi
320
4.00%
320
3.40%
Abdullah Abdulaziz Abdulrahman Al-Ahmed
240
3.00%
240
2.55%
Fahad Abdulaziz Abdulrahman Al-Ahmed
240
3.00%
240
2.55%
Yazid Abdullah Ali Hammad
80
1.00%
80
0.85%
Abdullah Fahad Mohammed Al-Khudairi
320
4.00%
320
3.40%
Abdulaziz Thani Abdulaziz Al-Ahmed
320
4.00%
320
3.40%
Ahmed Thani Abdulaziz Al-Ahmed
320
4.00%
320
3.40%
QFIs
—
—
1400
14.89%
Total
8000
100%
9400
100%
Additional Information
Financial Advisor and Lead Manager
Value Capital
Receiving Banks
Alinma Investment, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and Derayah Financial.
