GIB Capital

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GIB Capital


Announcement of the postponement of the book building process for the Initial Public Offering and listing of Abdullah Al Othaim Investment Company’s shares on the Main Market of the Saudi Exchange
Back 26 May 2022

GIB Capital acting as Financial Advisor, Lead Manager, Bookrunner and Lead Underwriter on the potential Initial Public Offering (“IPO”) of Abdullah Al Othaim Investment Company (the “Company”) announces the Company’s decision to reschedule the roadshow and book building process for the Company’s planned IPO originally planned to commence on May 26, 2022. The rescheduling is in the interest of selecting the next suitable window to offer and list the Company’s shares. Further updates regarding the timeline for the listing process will be announced in due course.

GIB Capital is a Single Shareholder Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Agent
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.