‎Yaqeen Capital to arrange SLIC’s IPO on TASI

In a statement to Tadawul, Yaqeen Capital said that the process of arranging share offering and listing takes place through multiple stages, starting from the date of signing the agreement and extending until obtaining approvals from the Capital Market Authority (CMA) and the actual listing of the shares on the main market.

This agreement will result in financial revenues, the value of which is determined according to the progress of the stages, obtaining CMA’s approval for the offering and listing, and the actual success of the offering and listing in the market, it added.

Yaqeen Capital also indicated that, upon the success of all stages of the offering and listing process, the total revenues collected from the process will exceed 5% of its total revenues, compared to the last audited annual financial statements for the year 2024.

According to Argaam’s data, SLIC is a Saudi company whose industries are focused on military leather shoes, work shoes and regular shoes. It was established in 1981 as a joint venture with US-based Wolverine Worldwide.

The shoes are manufactured in the company’s plant in the Eastern Province in the Second Industrial City in Dammam, over an area of 15,000 square meters. The company is considered the main supplier of work shoes to many companies such as Saudi Aramco, Saudi Electricity Co., SABIC, as well as many companies and institutions within the Kingdom and abroad.

In a statement to Tadawul, Yaqeen Capital said that the process of arranging share offering and listing takes place through multiple stages, starting from the date of signing the agreement and extending until obtaining approvals from the Capital Market Authority (CMA) and the actual listing of the shares on the main market.

This agreement will result in financial revenues, the value of which is determined according to the progress of the stages, obtaining CMA’s approval for the offering and listing, and the actual success of the offering and listing in the market, it added.

Yaqeen Capital also indicated that, upon the success of all stages of the offering and listing process, the total revenues collected from the process will exceed 5% of its total revenues, compared to the last audited annual financial statements for the year 2024.

According to Argaam’s data, SLIC is a Saudi company whose industries are focused on military leather shoes, work shoes and regular shoes. It was established in 1981 as a joint venture with US-based Wolverine Worldwide.

The shoes are manufactured in the company’s plant in the Eastern Province in the Second Industrial City in Dammam, over an area of 15,000 square meters. The company is considered the main supplier of work shoes to many companies such as Saudi Aramco, Saudi Electricity Co., SABIC, as well as many companies and institutions within the Kingdom and abroad.