Riyadh - Mubasher: Nofoth Food Products Company set the price for its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at a range of SAR 135-150 per share.
The Saudi firm plans to list 288,000 ordinary shares, which are equivalent to 12% of the issued share capital, according to a bourse disclosure.
Each eligible investor must apply for a minimum number of 10 shares, while the maximum amount has been set as 119,990 shares.
Yaqeen Capital Company, the financial advisor and lead manager for the potential offering, noted that the bidding and book-building period will take place during 18-22 December 2022.
On 15 March 2022, Tadawul passed Nofoth Food’s Nomu listing, whereas the Capital Market Authority (CMA) granted its approval last October.
