Nofoth Food to offer 288,000 shares on Nomu

17/11/2022 Argaam

Nofoth Food to offer 288,000 shares on Nomu

Logo of Nofoth Food Products Co.

Nofoth Food Products Co. plans to float 288,000 ordinary shares, or 12% of its share capital, on Nomu-Parallel Market, Yaqeen Capital, the financial advisor and lead manager on the potential offer, said in a statement to Tadawul.

 

The Saudi Exchange (Tadawul) and Capital Market Authority (CMA) approved the company’s application to list shares on Nomu on March 15 and Oct. 17, respectively.

 

The final offer price will be determined after the book-building process.

 

The offering will run from Dec. 18-22, Yaqeen concluded.

 

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