Dar Almarkabah for Renting Cars Co. - DARALMARKABAH

Activities

Dar Almarkabah for Renting Cars Co. is a Saudi joint stock company that specializes in car rental services. Established as a sole proprietorship in 2013, Dar Almarkabah is headquartered in Riyadh, Saudi Arabia. The company operates under commercial registration No. 1010386224 dated 10/20/1434 AH corresponding to 08/27/2013 AD and a car rental license category C from the Public Transport Authority No. 010102044100 issued on 08/21/1438 AH corresponding to 05/17/2017 AD and ends on 07/05/1446 AH corresponding to 01/05/2025 AD. The company's primary activity revolves around leasing cars, both with drivers and without drivers. In July 2023, Dar Almarkabah issued its prospectus to float 500,000 shares, representing 20% of its SAR 20 million capital, on the Nomu-Parallel Market. The share sale was open to qualified investors and ran from August 13 to 17, 2023. The Capital Market Authority (CMA) approved the company's application for registration and share offering on the Nomu-Parallel Market. Before the IPO, the company had several shareholders: Salah Bilal Mousa Alzahrani owned 55% of the shares. Sharifa Muait Utaibi Alkanani Alzahrani held a 15% stake. Seven other shareholders collectively owned 30% of the capital. After the IPO, the total number of shares increased, and the ownership distribution adjusted accordingly. The company's capital increased from SAR 20 million to SAR 25 million after the IPO. The final allocation of shares occurred on August 22, 2023, and any refunds were processed by August 24, 2023. In summary, Dar Almarkabah for Renting Cars Co. plays a significant role in the car rental market in Saudi Arabia, and its recent IPO on the Nomu-Parallel Market reflects its growth and expansion plans.