‎Qualified investors start subscription to 288,000 shares of Nofoth today

‎Qualified investors start subscription to 288,000 shares of Nofoth today

Qualified investors start today, Dec. 18, subscription to 288,000 shares, or 12% of Nofoth Food Products Co.’s share capital, on Nomu-Parallel Market. The initial public offering (IPO) was priced between SAR 135 and SAR 150 per share.

The subscription period will run five days until Dec. 22.

Nofoth’s IPO is the 18th on Nomu this year, following the listing of Gas Arabian Services Co. on Jan. 23, Raoom Trading Co. on Jan. 30, Al-Jouf Mineral Water Bottling Co. on Feb. 6, Arabian International Healthcare Holding Co. (Tibbiyah) on Feb. 15, Arabian Food & Dairy Factories Co. (FADECO) on May 11, Ladun Investment Co. and Amwaj International Co. on May 22, Saudi Networkers Services Co. on July 24, International Human Resources Co. (IHR) on July 31, Naba Alsaha Medical Services Co. on Aug. 8, Arabian Plastic Industrial Co. (APICO) on Sept. 11, AlBabtain Food on Sept. 25, Knowledge Tower on Oct. 30 as well as Molan Steel Co., Saudi Top Trading Co. on Nov. 27, Leen Alkheir Trading Co. on Dec. 4 and Alramz Real Estate on Dec. 13.

On Oct. 17, the Capital Market Authority (CMA) approved the company’s application to offer shares on Nomu.

The subscription is limited to certain categories of investors,