Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company is a producer of agricultural, wheat and dairy products. |
Current Capital: | 3,016.40 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Agriculture and Food Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 196.77 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 2,000.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered shareholders and new investors . |
Use of Proceeds: | _ Expansion in dairy, juice and agricultural products sectors (SAR 800 million), _ Entering new sectors (SAR 250 million), _ Repayment of loans (SAR 730 million), _ Financing general requirements (SAR 200 million), _ Offering costs (SAR 20 million) . |
Restrictions on Dealing in Shares: | There are no restrictions imposed on trading in the company’s shares, except for the legal restrictions imposed on publicly listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 10/5/2023 |
The minimum & maximum offering price: | 11/9/2023 |
Subscription End Date: | 11/21/2023 |
Allocation Date: | 11/29/2023 |
Distribution Date: | 12/11/2023 |
Listing Date: | 12/4/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Company for Agricultural Investment and Production | 116.58 | 38.65 % | 3,765.66 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Capital , Al Rajhi Capital Company, SNB Capital Company |
Financial Advisor: | Riyad Capital |
Legal Advisor: | khoshaim & associates Co. |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 1614.69 million |
Subscription Percentage: | 80.73% |
No. of Subscribers: | - |
Allocation: | - |
Chart - National Agricultural Development Co.
Share Performance
Last Price: | 32.30 |
Change: | (2.41) % |
Market Cap (M): | 9,773.14 |
Turnover: | 47,916,515.00 |
Transactions: | 4,473.00 |
Related News
NADEC pays rights issue holders’ compensationsArgaam12/12/2023
Edaa deposits NADEC subscribed securities for rights issue todayArgaam04/12/2023
NADEC rump offering 542.4% oversubscribedArgaam28/11/2023
NADEC says 80.73% coverage of rights issueArgaam22/11/2023
NADEC’s subscription to new shares ends todayArgaam Special21/11/2023
NADEC’s rights trading period ends todayArgaam Special16/11/2023
NADEC starts rights trading, subscription to new shares todayArgaam Special09/11/2023
Edaa deposits NADEC tradable rights todayArgaam08/11/2023
NADEC rights issue, rights trading start tomorrowArgaam08/11/2023
Call Request