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
Shareholders	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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