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Slogan “Theeb Rent A Car”
Theeb Rent a Car Company announced the prospectus to offer its shares for public subscription on the main Saudi stock exchange, Tadawul, where the company intends to offer 12.90 million shares, which represents 30% of its capital.
Last September, the Capital Market Authority approved the company’s request to put 30% of its shares into public subscription.
It targets subscription Two slices are:
First phase – Participating groups: This segment includes the categories authorized to participate in the order book constitution process according to the instructions for the constitution of an order book and the allocation of shares during the initial public offers issued by the Capital Market Authority. .
The number of shares that will be initially allocated to the groups participating in the book constitution process is 12.90 million ordinary shares, representing 100% of the total shares of the offering, and the final allocation will take place after the end of the subscription period for individuals, and in the event of sufficient demand from individual subscribers, the number of shares will be reduced The shares allocated to participating entities amount to 11.61 million shares, i.e. 90% of the total proposed actions.
Second tranche – Individual subscribers: This segment includes Saudi natural persons, including a divorced Saudi woman or a widow who has minor children from a non-Saudi husband, as she has the right to write their name on her behalf, provided that she submits the proof that she is divorced or widowed and that proves her maternity to minor children and to any non-Saudi natural person. Residents or citizens of Arab Gulf Cooperation Council countries who have a bank account with one of the beneficiary parties and are allowed to open an investment account. Individual subscribers will be allocated a maximum of 1.29 million shares of the offering, which represents 10% of the total shares of the offering.
The process of building the order book and recording requests for participating entities begins on Sunday 07 March 2021 AD and continues until the end of 15 March 2021.
While the retail subscription period on Sunday March 21, 2021 will be one day only.
Here is the most important information about the company:
|
Company Info |
|
|
The company |
Theeb Rent A Car |
|
market |
The main Saudi market |
|
Company domain |
Short term rental and other related services. Long-term rental and other related services, as well as providing customized solutions to customers. Sell used vehicles owned by the company that have been used during the operations of the above two business lines. |
|
Company capital |
430 million Saudi riyals |
|
Information on the IPO |
|
|
Subtraction ratio |
30% |
|
The number of shares offered |
12.90 million riyals |
|
Eligible for subscription |
The participating categories include a group of institutions, companies, qualified foreign investors and investors from the Gulf with legal personality.
Individual subscribers |
|
The minimum limit for individuals |
10 Shares |
|
The minimum number of participating groups (institutions) |
100,000 shares |
|
The upper limit for individuals |
250,000 shares |
|
The upper limit for participation categories (institutions) |
2,149 million shares |
|
The registration period for groups Process of creating participation and command registers |
From 07 March 2021 to 15 March 2021 |
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Retail subscription period (one day only) |
March 21, 2021 |
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Announcement of the final allocation of the Offered Shares |
March 29, 2021 |
|
Reimbursement of excess subscription |
March 29, 2021 |
|
Company shareholders |
||||
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Contributors |
Before the offer |
After the subtraction |
|
|
|
Number of shares (Millions of shares) |
percentage of ownership |
Number of shares (Millions of shares) |
percentage of ownership |
|
|
Hammoud Abdullah Ibrahim Al-Dheeb |
14.15 |
32.90% |
9.90 |
23.00% |
|
Mohammed Ahmed Abdullah Al-Dheeb |
14.15 |
32.90% |
9.90 |
23.00% |
|
Development opportunities trading company |
12.90 |
30.00% |
9.03 |
21.00% |
|
The remaining shareholders |
1.80 |
4.20% |
1.27 |
3.00% |
|
The audience |
– |
– |
12.90 |
30.00% |
|
Total |
43.00 |
100% |
43.00 |
100% |
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Additional information |
|
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Financial advisor, principal director of the institutional subscription register and underwriter |
Saudi Fransi Capital Company |
|
Responsible for the institutional register |
Saudi financial group company Hermes |
|
Recipients |
Saudi Fransi Bank – National Commercial Bank – Riyad Bank |
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