FADECO to offer 20% stake on Nomu on May 11

Logo of Arabian Food & Dairy Factories Co. (FADECO)

Arabian Food & Dairy Factories Co. (FADECO) plans to offer 282,000 shares, or 20% of its capital, on Nomu-Parallel Market, starting from May 11, announced Yaqeen Capital, the financial advisor and lead manager on the potential offering.

The final offer price will be determined for all subscribers after the book-building period ends, according to a bourse filing.

The Saudi Exchange (Tadawul) approved the company’s application for listing its shares on Nomu on Nov. 14, 2021.

The Capital Market Authority (CMA) approved, on March 28, the application received from the company to offer 20 % of its capital on Nomu.

The offering will run until May 15.

Company Profile
Company	Arabian Food & Dairy Factories Co. (FADECO)
Market	Nomu Parallel Market
Core Activities	Manufacture of ice cream
Capital	SAR 14.10 mln
Number of shares	1.41 mln shares

IPO Summary
Issue percentage (%)	20%
Offered shares	282,000 shares
Offer price	Not determined yet
Minimum limit	10 shares
Maximum limit	70490 shares
Subscription period	From May 11-15, 2022
Final allotment	May 22, 2022
Refund (if any)	May 24, 2022

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of shares (‘000 shares)	Ownership (%)	Number of shares (‘000 shares)	Ownership (%)
HAK Holding - Hassan Abdulkarim Al-Qahtani Group	1262.70	89.55%	1010.16	71.64%
Haka Investment Co.	140.30	9.95%	112.24	7.96%
Other individuals	0.91	0.07%	0.78	0.05%
Public (82 shareholders)	6.09	0.43%	4.87	0.35%
QFIs (Public)	--	--	282.00	20.00%
Total	1410.00	100%	1410.00	100%

Additional Information
Financial Advisor	Yaqeen Capital
External Auditor	Baker Tilly

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us