Logo of Balady Poultry Co.
Balady Poultry Co. published the registration document for its direct listing on Nomu-Parallel Market.
The price guidance for the listing was set at SAR 91 per share.
On Dec. 28, 2022, the poultry producer received approval from the Capital Market Authority (CMA) for its registration for direct listing on Nomu, Argaam earlier reported.
The company’s capital stands at SAR 65.7 million, divided into 6.57 million shares.
Balady Poultry is a closed joint stock company. It was founded as a limited liability company in 2007 in Khamis Mushait.
The company operates slaughterhouses (slaughter and processing of poultry, rabbit and chicken). It produces all kinds of fresh poultry meat, frozen and chilled meat, as well as poultry feed.
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Company Profile |
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Company |
Balady Poultry Co. |
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Market |
Nomu-Parallel Market |
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Core activities |
Production and marketing of poultry products. |
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Status |
Active |
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Capital |
SAR 65.7 mln |
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Direct Listing Profile |
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Number of shares |
6.57 mln |
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Share par value |
SAR 10/share |
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Share price guidance upon listing |
SAR 91/share |
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Method of setting stock opening price |
The opening price of the stock shall be set based on bid and offer prices, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.
The price guidance is considered a reference only for the fair market value. It is the debut price for the first day only. |
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Qualified investors |
- Qualified investors - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholders |
Pre-Direct Listing |
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Number of Shares (‘000) |
Ownership% |
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Abdulrahman Ali Alshahrani |
919.8 |
14% |
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Turki Abdullah Alshahrani |
919.8 |
14% |
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Mohammed Abdullah Alawashiz |
919.8 |
14% |
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Abdulrahman Saad Alshahrani |
919.8 |
14% |
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Hassa Saif Alshahrani |
919.8 |
14% |
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Shareholders owning less than 5% (85 shareholders) |
1971.0 |
30% |
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Total |
6570.0 |
100% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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