News

Initial Public Offering of Al-Wasail Industrial Company in the Parallel Market (Nomu)
Initial Public Offering begins on Sunday 26/12/2021 corresponding to 22/5/1443
Initial Public Offering end on Thursday 30/12/2021 corresponding to 26/5/1443

Allocate no later than Tuesday 01/04/2022 corresponding to 06/01/1443
Refund the surplus no later than Thursday 01/06/2022 corresponding to 06/03/1443

The number of shares offered for individuals and companies is 2,500,000 shares (two million and five hundred thousand shares).

Initial Public Offering is through the receiving entities,
and they are Falcom financial , and the Initial Public Offering mechanism has not been specified

The activity of the #Alwasail_Industrial Company, the manufacture of polyethylene, the manufacture of tubes, pipes, hoses, transmission belts, materials, the manufacture of plastic pipes, fittings, and the retail sale of agricultural machinery and equipment

Some financial indicators of the company #Alwasail_industrial
The company’s capital = 250 million riyals
The number of issued shares = 25 million shares
The number of shares offered for Initial Public Offering represents 10% of the issued shares, which is 2,500,000 (two million and five hundred thousand shares).

Statutory reserve at the end of 2020 = 29,948,084 riyals
Retained earnings at the end of 2020 = 15,125,003 riyals

Earnings per share for the year 2019 = 0.86
Earnings per share for the year 2020 = 1,11
Earnings per share for the first half of 2021 = 0.57
Dividend distribution for the year 2019 = half a riyal per share
Dividend distribution for the year 2020 = half a riyal per share

Ruling on Initial Public Offering of Al-Wasail Industrial Company according to what the Shariah Board in the #Albilad_financial consider it compatible with Shariah regulations, and there is no percentage of purification