Arabian Mills issues supplementary prospectus for TASI IPO

Logo of Arabian Mills for Food Products Co.

Arabian Mills Co. published a supplementary prospectus for its initial public offering (IPO) on the Main Market (TASI).

 

The company made some amendments to the preliminary prospectus, as outlined in Section 5 (Modifications to certain information contained in the preliminary prospectus of this supplementary prospectus).

 

The company clarified that amendments to the preliminary prospectus were as follows:

 

Amendments to Preliminary Prospectus

Before Amendment

After Amendment

As of the fiscal year (FY) ended Dec. 31, 2023, the company paid SAR 3.73 million and SAR 3.52 million to settle income tax and expenses, respectively, due by Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment.

As of the FY ended Dec. 31, 2023, the company recorded SAR 3.73 million to settle income tax due by Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment.

Advance payments from customers decreased from 16.3 million as of Dec. 31, 2021, to SAR 9.3 million as of Dec. 31, 2022, as advances from some companies slipped by SAR 3.2 million.

Advance payments from customers declined from SAR 16.3 million as of Dec. 31, 2021, to SAR 9.3 million as of Dec. 31, 2022, due to a SAR 7 million pullback in advances from some companies.

 

For More IPOs

 

According to the data available on Argaam, Arabian Mills announced last August its prospectus for the offering of 15.39 million shares on TASI. The final offer price was set at SAR 66 apiece.

Supplementary Prospectus

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