TADCO subsidiary Horizon Foods submits registration file for Nomu listing

Logo of Tabuk Agricultural Development Co.

Tabuk Agricultural Development Co. (TADCO) said its 50%-owned subsidiary Horizon Foods Ltd. Co. submitted on April 27 a registration file to Capital Market Authority (CMA) to offer its shares on the Nomu-Parallel Market, according to a bourse statement.

In July, TADCO sais Horizon Foods appointed Wasatah Capital as financial advisor to list its shares on Nomu, Argaam reported.

In December 2018, TADCO completed the acquisition of a 50% stake in Horizon Foods for SAR 31.1 million. The company’s current capital stands at SAR 80 million.

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