Hedab Alkhaleej Embarks on 10% IPO of Ceramics Business
Deal News | Jan 29, 2025 | Zawya
Hedab Alkhaleej Trading Company, a Saudi Arabian ceramics maker known for its production of porcelain and marble, is gearing up for an initial public offering (IPO). The company plans to list its shares on the Saudi Stock Exchange's Parallel Market Nomu by offering 800,000 ordinary shares, which constitute a stake of 10.67%. This move comes as part of the company's strategy to expand its market presence and potentially raise capital. Yaqeen Capital Company, serving as the financial advisor and lead manager for the IPO, has announced that the share offering will open between February 16 and February 20, 2025. The final offer price will be set at the end of the book-building process.
Sectors
- Ceramics Manufacturing
- Financial Services
Geography
- Saudi Arabia – Hedab Alkhaleej is a Saudi Arabian company, and the IPO will take place on the Saudi Stock Exchange's Parallel Market Nomu.
Industry
- Ceramics Manufacturing – Hedab Alkhaleej is involved in the ceramics manufacturing industry, producing and selling porcelain and marble products.
- Financial Services – Yaqeen Capital Company acts as a financial advisor and lead manager for the IPO process, placing them in the financial services sector.
Financials
- 800,000 shares – The total number of shares Hedab Alkhaleej plans to offer in the IPO, representing a 10.67% stake.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hedab Alkhaleej Trading Company | Target Company | Company | A ceramics manufacturer in Saudi Arabia engaged in the production and sale of porcelain and marble, preparing for a public listing. |
| Yaqeen Capital Company | Financial Advisor and Lead Manager | Company | The financial services firm advising and managing Hedab Alkhaleej's IPO process. |