Logo ofYaqeen Capital
Qualified investors started today, May 5, subscribing to 3 million shares of Yaqeen Capital, which is set to be listed on the Nomu-Parallel Market, at SAR 40 per share. 
The shares offered for subscription represent 20% of the capital, which amounts to SAR 150 million divided into 15 million shares.
The subscription period will run for eight days until May 12.
This is the ninth IPO on Nomu during 2024, after Pan Gulf Marketing Co. (Jan. 10), WSM Information Technology Co. (Jan. 25), Al-Modawat Specialized Medical Co. (Jan. 28), Quara Finance Co. (Feb. 4), Al Mohafaza Co. for Education (Feb. 28), TAQAT Mineral Trading Co. (March 6), Qomel Co. (April 21), and Mohammed Hadi Al-Rasheed Co. (April 28).
In March 2024, Yaqeen Capital obtained the Capital Market Authority’s (CMA) approval on the offering.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts as well as clients of capital market institutions authorized to carry out management operations.
This is provided that 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, or any other financial market recognized by the CMA or the Securities Depository Center (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.
Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.
They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.
Natural persons are 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 securities 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 general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors includes any other persons as defined by the CMA.
Company Info:
Yaqeen Capital was established in 2006 as a closed joint stock company named Falcom Financial Services.
Yaqeen Capital operates in the activities of securities brokerage services, investment banking, asset and portfolio management, and research.
Company Profile
Company
Yaqeen Capital
Market
Nomu-Parallel Market
Core Activities
Asset Management and Brokerage Services
Capital
SAR 150 mln
Number of Shares
15 mln
Nominal Value
SAR 10
IPO Summary
Issue Percentage
20%
Number of Shares Offered
0.3 mln
IPO Minimum Limit
10 shares
IPO Maximum Limit
749,990 shares
Offering Period
May 5-12
Final Allocation
May 15, 2024
Surplus Refund (If any)
May 21, 2024
Company Shareholders
Shareholders
Pre-IPO
Post-IPO
Number of shares
(mln shares)
Ownership
(%)
Number of shares
(mln shares)
Ownership
(%)
Falcom Holding
9.0
60.0%
6.0
40.0%
Falcom Yaqeen Capital
6.0
40.0%
6.0
40.0%
The Public (Qualified Investors)
—
—
3.0
20.0%
Total
15.0
100%
15.0
100%
Additional Information
Financial Advisor Lead Manager
Alinma Investment
Logo ofYaqeen Capital
Qualified investors started today, May 5, subscribing to 3 million shares of Yaqeen Capital, which is set to be listed on the Nomu-Parallel Market, at SAR 40 per share.
The shares offered for subscription represent 20% of the capital, which amounts to SAR 150 million divided into 15 million shares.
The subscription period will run for eight days until May 12.
This is the ninth IPO on Nomu during 2024, after Pan Gulf Marketing Co. (Jan. 10), WSM Information Technology Co. (Jan. 25), Al-Modawat Specialized Medical Co. (Jan. 28), Quara Finance Co. (Feb. 4), Al Mohafaza Co. for Education (Feb. 28), TAQAT Mineral Trading Co. (March 6), Qomel Co. (April 21), and Mohammed Hadi Al-Rasheed Co. (April 28).
In March 2024, Yaqeen Capital obtained the Capital Market Authority’s (CMA) approval on the offering.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts as well as clients of capital market institutions authorized to carry out management operations.
This is provided that 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, or any other financial market recognized by the CMA or the Securities Depository Center (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.
Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.
They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.
Natural persons are 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 securities 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 general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors includes any other persons as defined by the CMA.
Company Info:
Yaqeen Capital was established in 2006 as a closed joint stock company named Falcom Financial Services.
Yaqeen Capital operates in the activities of securities brokerage services, investment banking, asset and portfolio management, and research.
Company Profile
Company
Yaqeen Capital
Market
Nomu-Parallel Market
Core Activities
Asset Management and Brokerage Services
Capital
SAR 150 mln
Number of Shares
15 mln
Nominal Value
SAR 10
IPO Summary
Issue Percentage
20%
Number of Shares Offered
0.3 mln
IPO Minimum Limit
10 shares
IPO Maximum Limit
749,990 shares
Offering Period
May 5-12
Final Allocation
May 15, 2024
Surplus Refund (If any)
May 21, 2024
Company Shareholders
Shareholders
Pre-IPO
Post-IPO
Number of shares
(mln shares)
Ownership
(%)
Number of shares
(mln shares)
Ownership
(%)
Falcom Holding
9.0
60.0%
6.0
40.0%
Falcom Yaqeen Capital
6.0
40.0%
6.0
40.0%
The Public (Qualified Investors)
—
—
3.0
20.0%
Total
15.0
100%
15.0
100%
Additional Information
Financial Advisor Lead Manager
Alinma Investment
