‎Almunajem Foods issues prospectus to float 18 mln shares on Tadawul

‎Almunajem Foods issues prospectus to float 18 mln shares on Tadawul

Almunajem Foods Co. announced today, Nov. 11, issuing the prospectus for its planned initial public offering (IPO) on the Saudi Exchange (Tadawul). 

The Capital Market Authority (CMA) approved, on Sept. 28, the company's request to go public.

The book building process for participating parties will begin on Nov. 15. 

The retail offering will run for two days starting Dec. 5.









Company Profile











Company







Almunajem Foods Co.











Market







Saudi Exchange (Tadawul)











Core Activities







Selling foodstuff











Capital 







SAR 600 mln











Number of shares







60 mln shares















IPO Summary











Issue percentage (%)







30%











Number of shares offered







18 mln shares











Qualified subscribers







- Participating categories that include investment funds, QFIs, legal entities and GCC investors.



- Retail investors











IPO minimum limit for retail







10 shares











IPO minimum size for institutional investors







100,000 shares