Logo ofNeft Alsharq Chemical Industries Co.
Neft Alsharq Chemical Industries Co. published the prospectus for offering 5 million shares on the Nomu-Parallel Market, according to a statement to Tadawul. 
In March, the Capital Market Authority (CMA) approved the company’s application to float its shares on Nomu.
The offered shares represent 20% of its post-increase capital of SAR 25 million (divided into 25 million shares) at SAR 1 per share.
The share sale will run for eight working days from May 26 to June 2, 2024.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.
The company’s actual activity is the production, sale and export of gasoline and diesel engine oils, hydraulic oils, transmission oils of all types, base oils, industrial greases, engine cooling fluids, and other products.
Company Profile
Company
Neft Alsharq Chemical Industries Co.
Market
Nomu Parallel Market
Core Activities
Production of engines oils, greases and cooling fluids
Capital Pre-IPO
SAR 20 mln
Capital After IPO
SAR 25 mln
Share Par Value
SAR 1/share
IPO Summary
Issue Percentage
20% of post-increase capital (25% pre-increase capital)
Offered shares
5 mln shares
IPO Minimum Limit
100 shares
IPO Maximum Limit
1.25 mln shares
Offer period
From May 26 to June 2, 2024
Final Allocation
June 6, 2024
Refund (if any)
June 10, 2024
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
Sabeel Al-Reyadah Co. Limited
2.84
14.19%
2.84
11.35%
Asset Management Co. Limited
2.23
11.14%
2.23
8.91%
Ibrahim Ali Ibrahim Al-Mohsen*
2.00
10.00%
2.00
8.00%
Abdulaziz Abdullah Mohammed Al-Rashid
1.98
9.91%
1.98
7.92%
Asaad Rumaih Othman Al-Rumaih
1.50
7.50%
1.50
6.00%
Other shareholders owning less than 5% (43 shareholders)**
9.45
47.27%
9.45
37.81%
The public (QFIs)
—
—
5.00
20.00%
Total
20.00
100%
5.0
100%
** There is indirect ownership by other shareholders who own less than 5%.
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Al Rajhi Capital – Riyad Capital – ANB Capital – Derayah Financial – Saudi Fransi Capital – Albilad Capital – Aljazira Capital – SNB Capital – Alinma Investment – Al-Istithmar Capital
Logo ofNeft Alsharq Chemical Industries Co.
Neft Alsharq Chemical Industries Co. published the prospectus for offering 5 million shares on the Nomu-Parallel Market, according to a statement to Tadawul.
In March, the Capital Market Authority (CMA) approved the company’s application to float its shares on Nomu.
The offered shares represent 20% of its post-increase capital of SAR 25 million (divided into 25 million shares) at SAR 1 per share.
The share sale will run for eight working days from May 26 to June 2, 2024.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.
The company’s actual activity is the production, sale and export of gasoline and diesel engine oils, hydraulic oils, transmission oils of all types, base oils, industrial greases, engine cooling fluids, and other products.
Company Profile
Company
Neft Alsharq Chemical Industries Co.
Market
Nomu Parallel Market
Core Activities
Production of engines oils, greases and cooling fluids
Capital Pre-IPO
SAR 20 mln
Capital After IPO
SAR 25 mln
Share Par Value
SAR 1/share
IPO Summary
Issue Percentage
20% of post-increase capital (25% pre-increase capital)
Offered shares
5 mln shares
IPO Minimum Limit
100 shares
IPO Maximum Limit
1.25 mln shares
Offer period
From May 26 to June 2, 2024
Final Allocation
June 6, 2024
Refund (if any)
June 10, 2024
Company Shareholders
Shareholders
Before IPO
Post-IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
Sabeel Al-Reyadah Co. Limited
2.84
14.19%
2.84
11.35%
Asset Management Co. Limited
2.23
11.14%
2.23
8.91%
Ibrahim Ali Ibrahim Al-Mohsen*
2.00
10.00%
2.00
8.00%
Abdulaziz Abdullah Mohammed Al-Rashid
1.98
9.91%
1.98
7.92%
Asaad Rumaih Othman Al-Rumaih
1.50
7.50%
1.50
6.00%
Other shareholders owning less than 5% (43 shareholders)**
9.45
47.27%
9.45
37.81%
The public (QFIs)
—
—
5.00
20.00%
Total
20.00
100%
5.0
100%
** There is indirect ownership by other shareholders who own less than 5%.
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Al Rajhi Capital – Riyad Capital – ANB Capital – Derayah Financial – Saudi Fransi Capital – Albilad Capital – Aljazira Capital – SNB Capital – Alinma Investment – Al-Istithmar Capital
