FADECO starts trading on Nomu today

Logo of FADECO

Arabian Food & Dairy Factories Co. (FADECO) starts trading on Nomu-Parallel Market today, June 12, under the symbol 9536 and ISIN Code SA15IH3KL016, according to the Saudi Exchange (Tadawul).

Daily fluctuation limit is ±30% and static price fluctuation limit is ±10%.

The company floated 282,000 ordinary shares, representing 20% of its SAR 14.1 million capital.

The final offer price was set at SAR 71 per share, with coverage by retail investors reaching 57.7 times the size of the retail offering during the subscription period.

With FADECO the number of Nomu listings in 2022 is up to 15 companies, which includes Alwasail Industrial, Jahez, AME and AICTEC in January, Gas Arabian Services, Raoom Trading, Obeikan Glass and Saudi Parts Center in February, Al-Jouf Health Water Factory, AZM and Tibbiyah in March, as well as Naseej Tech, Aqaseem and Tadweeer in May.

The listings comprised of seven direct listings and eight offerings for qualified investors.

Company Info:

FADECO is a Saudi closed joint-stock company headquartered in Dammam. Established in 1985, the company currently operates with SAR 14.1 million capital.

The company's activities are represented in the manufacture of ice cream. FADECO has seven branches.

The company's activities, according to its bylaws, include trade; construction and building; agriculture and fishing; mines, petroleum and their branches; manufacturing industries and their branches according to industrial licenses; electricity, gas, water and their branches; transportation, warehousing and refrigeration.

The company activities also include financial services, business and other services; social, group and personal services; administrative services, support services, and real estate activities; information technology; and, safety and security.

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