‎Alamar Foods issue prospectus to list 10.6 mln shares on Tadawul

‎Alamar Foods issue prospectus to list 10.6 mln shares on Tadawul

Alamar Foods Co. issued today, June 12, the prospectus to list 10.63 million shares on the Saudi Exchange (Tadawul).

The Capital Market Authority (CMA) approved, on May 9, the application filed by Alamar to float 10.63 million shares, representing 41.7% of its SAR 255 million capital, in an initial public offering (IPO).

Registering requests and book building period will run from June 20 to June 27, 2022.

Subscription period for retail investors will begin on July 20 and will run for two days.

Participating parties include those entitled to take part in the book-building process as specified under the book-building instructions. As many as 10.63 million shares will be offered initially, representing 100% of the total IPO. The final allocation of offer shares will be made after the subscription period for individual investors ends. Lead managers shall have the right to reduce the number of shares allocated to participating parties to 9.57 million, representing 90% of the total shares offered.

Meanwhile, individual investors comprise Saudi Arabian natural persons, in addition to any foreign natural person who is a resident of the Kingdom or any GCC natural persons, provided that they have a bank account with one of the receiving entities and are allowed to open