AlBabtain Food issues prospectus to offer 16% stake on Nomu

Logo of AlBabtain Food

Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) issued prospectus for floating 544,000 shares on Nomu-Parallel Market.

The company will offer 16% of its SAR 34 million capital, which is divided into 3.40 million shares.

On June 29, the Capital Market Authority (CMA) approved the company’s application to offer 544,000 shares on Nomu.

The offering will run from Sept. 25-28 and will be confined to qualified investors, the CMA said in a statement.

The company has SAR 50 million capital, divided into five million shares.

AlBabtain Food operates in the wholesale of foods and beverages.

Company Profile
Company	Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food)
Market	Nomu-Parallel Market
Core Activities	Wholesale of foods and beverages
Current Capital	SAR 34 mln
Post-IPO Capital	SAR 34 mln

IPO Summary
Issue percentage ( %)	16 %
Number of shares offered	544,000
Minimum limit	10 shares
Maximum limit	169,990 shares
Subscription period	Sept. 25-28, 2022
Final allocation	Oct. 3, 2022
Surplus Refund (if any)	Oct. 9, 2022

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership %	Number of Shares (‘000 shares)	Ownership %
Mansour Ibrahim AlBabtain	1985.6	58.4%	1667.9	49.1 %
Abdulaziz Ibrahim AlBabtain	652.8	19.2 %	548.4	16.1 %
Ghada Ibrahim AlBabtain	165.4	4.9 %	138.9	4.1 %
Ibrahim Mansour AlBabtain	165.4	4.9 %	138.9	4.1 %
Abdulmohsen Ibrahim AlBabtain	165.4	4.9 %	138.9	4.1 %
Ebtisam Abdulaziz AlBabtain	163.1	4.8 %	137.0	4.0 %
Saud Al-Hadlaq	81.6	2.4 %	68.5	2.0 %
Remaining Shareholders	0.4	0.01 %	0.4	0.1 %
Public	--	--	3.4	16 %
Total	2500	100%	3125	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital

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