Logo of Nofoth Food Products Co.
Nofoth Food Products Co. issued today the prospectus to list 288,000 shares on Nomu Parallel Market.
This represents 12% of Nofoth Food’s SAR 24 million capital, which amounts to a total of 2.4 million shares.
The Capital Market Authority (CMA) approved, on Oct. 17, 2022, the application received from the company to register its shares for direct listing on Nomu-Parallel Market.
The offering period for qualified investors will run from Dec. 18, till Dec. 22, 2022.
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.
Company Profile |
|
Company |
Nofoth Food Products Co. |
Market |
Nomu Parallel Market |
Core Activities |
Retail sale of foodstuff |
Capital |
SAR 24 mln |
Total Shares |
2.4 mln shares |
IPO Summary |
|
Issue Percentage |
12% of capital |
Offered shares |
288,000 shares |
Minimum limit |
10 shares |
Maximum limit |
119990 shares |
Subscription period |
From Sunday, Oct. 18 to Thursday, Dec. 22, 2022 |
Final Allocation |
Dec. 27, 2022 |
Refund (if any) |
Dec. 29, 2022 |
Company Shareholders |
||||
Shareholders |
Pre-IPO |
Post-IPO |
||
Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
|
Ibrahim Abdullah Ibrahim Alfaez |
373.4 |
15.56% |
328.6 |
13.69% |
Waqf of Saad and Abdulaziz Almousa |
362.2 |
15.09% |
318.7 |
13.28% |
Ibrahim Abdullah Alomiqan |
339.6 |
14.15% |
298.8 |
12.45% |
Aljawhara Suleiman Mohammed Albatel |
325.4 |
13.56% |
286.4 |
11.93% |
Abdullah Ibrahim Nasser Alomiqan |
142.1 |
5.92% |
125.0 |
5.21% |
Faisal Abdullah Ibrahim Alomiqan |
133.7 |
5.57% |
117.6 |
4.90% |
Other Shareholders |
723.6 |
45.71% |
636.9 |
26.54% |
Public |
-- |
-- |
288.0 |
12.00% |
Total |
2400 |
100% |
2400 |
100% |
Additional Information |
|
Financial Advisor and Lead Manager |
Yaqeen Capital |
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