Nofoth Food issues prospectus for 12% IPO on Nomu

17/11/2022 Argaam

Nofoth Food issues prospectus for 12% IPO on Nomu

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

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read