Almunajem Foods issues prospectus to float 18 mln shares on Tadawul

Company Profile

Company

Almunajem Foods Co.

Market

Saudi Exchange (Tadawul)

Core Activities

Selling foodstuff

Capital 

SAR 600 mln

Number of shares

60 mln shares

IPO Summary

Issue percentage (%)

30%

Number of shares offered

18 mln shares

Qualified subscribers

- Participating categories that include investment funds, QFIs, legal entities and GCC investors.

- Retail investors

Minimum limit for retail investors

10 shares

Minimum size for institutional investors

100,000 shares

Maximum size for retail investors

300,000 shares

Maximum size for institutional investors

2,999,999 shares

Registering requests period

Book building period

Nov. 15-21, 2021

Retail subscription period

Two days (Dec. 5 to Dec. 6, 2021)

Final allotment

Dec. 11, 2021

Surplus refunds

Dec. 13, 2021

Special Information

Financial advisor, lead manager, underwriter and book runner

HSBC Saudi Arabia

Receiving banks

Saudi British Bank - Saudi National Bank - Al Rajhi Bank

Company Shareholders

Shareholders

Before IPO

After IPO

Number of shares

(mln shares)

Ownership%

Number of shares

(mln shares)

Ownership%

Abdullah Ali Almunajem Sons Co.

59.40

99.0%

41.58

69.3%

Al-KAFAA Real Estate Co.

0.60

1.0%

0.42

0.7%

Public

--

--

18.00

30.0%

Total

60.00

100%

60.00

100%