Logo of Al Battal Factory for Chemical Industries Co.
Al Battal Factory for Chemical Industries Co.will start trading on the Nomu-Parallel Market today, Dec. 31, under the symbol9623 and ISIN Code SA1660VKMBH8, at SAR 63 per share. 
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
The company earlier floated 670,000 shares on Nomu, representing 20.09% of its post-IPO capital, with coverage ratio of 203.5%.
The company’s post-IPO capital amounted to SAR 33.35 million, divided into 3.34 million shares, at a par value of SAR 10each.
This is the 30th listing on Nomu this year, including three direct listings and 27 offerings to qualified investors.
Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.
Al Battal Factory brought the number of listed companies on Nomu to 105, in addition toAlwaha REIT Fund.
Al Battal Factory was established in 2007 as a branch of Al Battal Holding Co., a limited liability company, under the name Al Battal Chemical Industries Factory. It was later converted into a closed joint-stock company.
The company’s current operations focus on manufacturing cellulose ether products, including polyanionic cellulose, carboxymethyl cellulose, salt auxiliary products, and thermal coating products.
Company Profile
Company
Al Battal Factory for Chemical Industries Co.
Market
Nomu – Parallel Market
Core Activities
Salt auxiliary products, 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
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(‘000 shares)
Ownership (%)
Number of Shares
(‘000 shares)
Ownership (%)
Al-Battal Investment Co.
1652.7
55.09%
1468.1
44.02%
Bassam bin Mohammed 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., noting that Al Battal Investment Co. has a 55.09% ownership in the company.
Logo of Al Battal Factory for Chemical Industries Co.
Al Battal Factory for Chemical Industries Co.will start trading on the Nomu-Parallel Market today, Dec. 31, under the symbol9623 and ISIN Code SA1660VKMBH8, at SAR 63 per share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
The company earlier floated 670,000 shares on Nomu, representing 20.09% of its post-IPO capital, with coverage ratio of 203.5%.
The company’s post-IPO capital amounted to SAR 33.35 million, divided into 3.34 million shares, at a par value of SAR 10each.
This is the 30th listing on Nomu this year, including three direct listings and 27 offerings to qualified investors.
Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.
Al Battal Factory brought the number of listed companies on Nomu to 105, in addition toAlwaha REIT Fund.
Al Battal Factory was established in 2007 as a branch of Al Battal Holding Co., a limited liability company, under the name Al Battal Chemical Industries Factory. It was later converted into a closed joint-stock company.
The company’s current operations focus on manufacturing cellulose ether products, including polyanionic cellulose, carboxymethyl cellulose, salt auxiliary products, and thermal coating products.
Company Profile
Company
Al Battal Factory for Chemical Industries Co.
Market
Nomu – Parallel Market
Core Activities
Salt auxiliary products, 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
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(‘000 shares)
Ownership (%)
Number of Shares
(‘000 shares)
Ownership (%)
Al-Battal Investment Co.
1652.7
55.09%
1468.1
44.02%
Bassam bin Mohammed 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., noting that Al Battal Investment Co. has a 55.09% ownership in the company.
