Logo ofLamasat Co.
Investors start today, Jan. 20, subscription to Lamasat Co.’s six million shares on theNomu-Parallel Market. The price range was set between SAR 5.25 and SAR 5.75 a share. 
The shares on offer represent 7.41% of the company’s post-IPO capital of SAR 81 million, and 8% of the pre-IPO capital.
The subscription period will run for six days until Jan. 27.
The IPO of Lamasat today brings the total number of listings on Nomu to four this year, followingAlshehili Co.,ITMAM Consulting Co. andBasma Adeem Medical Co.
Meanwhile, Nomu witnessed 28 IPOs in 2024.
On Sept. 30, 2024, the Capital Market Authority (CMA) approved Lamasat’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, theSaudi market, any otherfinancial marketrecognized 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
Lamasat was established as a limited liability company in Madinah in 2006, and converted into a closed joint-stock company in 2023. The company’s current actual activity is to provide women’sbeautyservices, sellcosmetics goods and products online,as well as offer personal care, photography, and montage services.
Company Profile
Company
Lamasat Co.
Market
Nomu-Parallel Market
Core Activities
Women’sbeauty servicesand sale of cosmetics
Pre-IPO Capital
SAR 75 mln
Number of Shares
75 mln
Post-IPO Capital
SAR 81 mln
Number of shares after IPO
81 mln
Share Par Value
SAR 1
IPO Summary
Issue Percentage
7.41% of post-IPO capital (8%ofpre-IPO capital)
Offered shares
6 mln
Minimum Limit
100 shares
Maximum Limit
4,049,900 shares
Offer period
Six working days from Jan. 20-27, 2025
Final Allocation
Jan. 30, 2025
Refund (if any)
Feb. 3, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Aisha Salem Rizk Badawi
25.54
34.05%
25.54
31.53%
Mohammed Hamza Mohammed Masoudi
18.08
24.10%
18.08
22.32%
Ahmed Hamza Mohammed Masoudi
17.50
23.34%
17.50
21.61%
Hazem Hamza Mohammed Masoudi
6.57
8.77%
6.57
8.12%
Abeer Hamza Mohammed Masoudi
6.18
8.24%
6.18
7.63%
Hatim Hamza Mohammed Masoudi
1.12
1.50%
1.12
1.38%
New shares to be offered to qualified investors
—
—
6.00
7.41%
Total
75.00
100%
81.00
100%
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Alinma Investment, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Derayah Financial
Logo ofLamasat Co.
Investors start today, Jan. 20, subscription to Lamasat Co.’s six million shares on theNomu-Parallel Market. The price range was set between SAR 5.25 and SAR 5.75 a share.
The shares on offer represent 7.41% of the company’s post-IPO capital of SAR 81 million, and 8% of the pre-IPO capital.
The subscription period will run for six days until Jan. 27.
The IPO of Lamasat today brings the total number of listings on Nomu to four this year, followingAlshehili Co.,ITMAM Consulting Co. andBasma Adeem Medical Co.
Meanwhile, Nomu witnessed 28 IPOs in 2024.
On Sept. 30, 2024, the Capital Market Authority (CMA) approved Lamasat’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, theSaudi market, any otherfinancial marketrecognized 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
Lamasat was established as a limited liability company in Madinah in 2006, and converted into a closed joint-stock company in 2023. The company’s current actual activity is to provide women’sbeautyservices, sellcosmetics goods and products online,as well as offer personal care, photography, and montage services.
Company Profile
Company
Lamasat Co.
Market
Nomu-Parallel Market
Core Activities
Women’sbeauty servicesand sale of cosmetics
Pre-IPO Capital
SAR 75 mln
Number of Shares
75 mln
Post-IPO Capital
SAR 81 mln
Number of shares after IPO
81 mln
Share Par Value
SAR 1
IPO Summary
Issue Percentage
7.41% of post-IPO capital (8%ofpre-IPO capital)
Offered shares
6 mln
Minimum Limit
100 shares
Maximum Limit
4,049,900 shares
Offer period
Six working days from Jan. 20-27, 2025
Final Allocation
Jan. 30, 2025
Refund (if any)
Feb. 3, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Aisha Salem Rizk Badawi
25.54
34.05%
25.54
31.53%
Mohammed Hamza Mohammed Masoudi
18.08
24.10%
18.08
22.32%
Ahmed Hamza Mohammed Masoudi
17.50
23.34%
17.50
21.61%
Hazem Hamza Mohammed Masoudi
6.57
8.77%
6.57
8.12%
Abeer Hamza Mohammed Masoudi
6.18
8.24%
6.18
7.63%
Hatim Hamza Mohammed Masoudi
1.12
1.50%
1.12
1.38%
New shares to be offered to qualified investors
—
—
6.00
7.41%
Total
75.00
100%
81.00
100%
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Alinma Investment, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Derayah Financial
