Foods Gate issues prospectus to float 420,000 shares on Nomu

Logo of Foods Gate Trading Co.

Foods Gate Trading Co. issued today, Jan. 30, the prospectus to list 420,000 shares on Tadawul's Nomu-Parallel Market.

The offer shares represent 20% of the company’s total SAR 21 million capital.

The Capital Market Authority (CMA) approved, on Nov. 14, 2022, the application submitted by the company to register and offer 420,000 shares on Nomu.

The offer period will run from March 12-16.

The company was established in May 2005 in Riyadh. Its main activity, as per its articles of association, is providing accommodation and food services.

The company's actual activity is setting up restaurants for the sale of Japanese food and beverages.

Company Profile
Company	Foods Gate Trading Co.
Market	Nomu-Parallel Market
Core Activities	Full-Service Restaurants
Capital	SAR 21 mln
Total Shares	2.1 mln

IPO Summary
Issue Percentage	20%
Offered Shares	420,000
Minimum Limit	10 shares
Maximum Limit	104,990 shares
Subscription Period	March 12-16, 2023
Final Allocation	March 21, 2023
Refund (if any)	March 23, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Abdulilah Saad Mohammed Aldrees	300	14.29%	240	11.43%
Haifa Saleh Ali Abakhalil	300	14.29%	240	11.43%
Saad Abdulilah Saad Aldrees	300	14.29%	240	11.43%
Saleh Abdulilah Saad Aldrees	300	14.29%	240	11.43%
Ahmed Abdulilah Saad Aldrees	300	14.29%	240	11.43%
Alanoud Abdulilah Saad Aldrees	300	14.29%	240	11.43%
Faisal Abdulilah Saad Aldrees	300	14.29%	240	11.43%
Qualified Investors	--	--	420	20%
Total	2100	100%	2100	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital

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