IPO / Listing in the Parallel Market (Nomu)
Amwal Co. has the competence and experience to qualify companies for offering and listing in the Parallel Market (Nomu). The company's methodology to be qualified is based on stages as follows:
Diagnostic Study
1
Completion of qualification requirements
The implementation of the solutions and recommendations resulting from the diagnostic study will be followed up to rehabilitate the company internally to fulfil the requirements of the Capital Market Authority on offering/listing of companies, such as governance, administrative organization, financial aspects, and completing the legal and regulatory requirements related to the company or partners.
2
Business Valuation
The financial evaluation will be carried out to determine fair market value of the company's property rights using a set of recognized evaluation methods according to their suitability to the company's activity and its financial condition. To carry out the evaluation process, the financial statements of the company under evaluation for the past five years will be analyzed, in addition to the estimated budget for the next five years.
3
Preparing IPO / Listing Application
The offering/listing file will be prepared according to the requirements of the Capital Market Authority provided for in the regulation on the offer of securities regulations and the continuing obligations, as well as the listing rules issued by the Saudi Tadawul Group, where this will include preparing the prospectus/registration document in line with the offering/listing strategy adopted by the client; complete all documents required for the file and submitting it to obtain the approval of the Authority and Saudi Tadawul Group on offering/listing.
4
Preparing IPO / Listing Application
After obtaining the approval of the Authority and Saudi Tadawul Group on the request of offering/listing the shares in the Saudi parallel market Nomu, the offering/listing process will be managed and the procedures for registering the shares will be completed to start trading so that our work, as a financial advisor, ends and is completed on the first trading day of the share in the market.