AI Summary
Logo of Arabian Mills for Food Products Co.
The lockup period imposed on major shareholders of Arabian Mills for Food Products Co. was lifted today, April 7, six months after the stock began trading on the Saudi Exchange (Tadawul) on Oct. 8, 2024.
Major shareholders, owning 70% of the company’s shares, were not allowed to dispose of its shares for a period of six months after listing.
According to the prospectus, major shareholders are not allowed to dispose of their shares without the approval of the General Food Security Authority (GFSA), the Capital Market Authority and any other required approvals and in accordance with related provisions.
Shareholders are required to maintain an ownership of not less than 51% of their holdings in the company, directly or indirectly, throughout the validity period of the financing deal between the company and Saudi Awwal Bank.
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Major Shareholders |
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Shareholders |
Post-Offering |
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No. of Shares (mln) |
Ownership (%) |
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Abdulaziz Al Ajlan Sons Co. for Commercial and Real Estate Investment |
18.01 |
35.09% |
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Sulaiman Abdulaziz Al Rajhi International Co. |
12.57 |
24.50% |
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National Agricultural Development Co. (NADEC) |
5.34 |
10.41% |
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