‎Horizon Food issues prospectus for 20% IPO on Nomu

‎Horizon Food issues prospectus for 20% IPO on Nomu

Horizon Food Co., a subsidiary of Tabuk Agricultural Development Co. (TADCO), issued today the prospectus to list 1.6 million shares on Tadawul's Nomu-Parallel Market.

The offer shares represent 20% of the company’s total SAR 80 million capital.

The Capital Market Authority (CMA) approved, on Dec. 28, 2022, the application submitted by the company to register and offer 1.6 million shares on Nomu.

The offer period will run from March 5-9.

TADCO announced in December, 2018 it completed acquiring a 50% stake in Al-Khalijia Investment for Foods Co.’s food business unit Horizon Food.

The company was established in 2018 in Al-Khobar. Its main activity, as per its commercial register, is production of chilled and frozen poultry, rabbits, and birds, production of chilled and frozen meat, cutting, processing, packaging and packaging of meat and poultry, and the production of sausages and hamburgers.