Nofoth debuts on Nomu today as second listing of 2023

Logo of Nofoth Food Products Co.

Nofoth Food Products Co. will begin trading on Nomu-Parallel Market today, Jan. 10, with the symbol 9556 and ISIN Code: SA15M2B4LA13, at SAR 150 per share.

Shares will trade with +/-30% daily price fluctuation limit and +/-10% static price fluctuation limit.

The Capital Market Authority (CMA) approved, on Oct. 17, 2022, the company’s application received to register its shares for a direct listing on Nomu.

Nofoth offered 288,000 shares to qualified investors, representing 12% of its share capital, at SAR 150 per share. The initial public offering (IPO) was 342.7% covered.

This will be the second IPO in 2023. Nomu-Parallel Market witnessed IPOs of 32 companies last year, divided into 13 direct listings and 18 offerings to qualified investors, and one REIT.

Nofoth listing will bring the total number of companies on Nomu to 47, in addition to one REIT (Alwaha REIT Fund). 

Company Info:

Nofoth is a Saudi closed joint-stock company, established as a limited liability company in 2015 and headquartered in Riyadh. 

The company’s current capital stands at SAR 24 million, divided into 2.4 million shares.

The company's activities, as stated in its commercial register, are represented in manufacturing bread and its products by automated bakeries, manufacturing pies of all kinds, manufacturing popular and oriental sweets of all kinds, the retail sale of bakery products and confectionery, the retail sale of nuts, coffee, spices and perfumeries, dry food stores, restaurants with service, catering of food services.
 

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