AlBabtain Food starts trading on Nomu today

AlBabtain Food Co. logo

Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) will begin trading on Nomu-Parallel Market today, Oct. 18, with symbol 9549 and ISIN Code SA15L16KL6H8.

Shares will trade with +/-30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

The company offered 544,000 shares, or 16% of its SAR 34 million capital.

The offer price was set at SAR 77 per share, while the IPO was 648.98% oversubscribed.

AlBabtain Food marks the 26th listing on Nomu this year. The market witnessed 11 direct listings and 15 offerings to qualified investors.

Company Highlights:

AlBabtain Food, a Saudi closed shareholding company, was established in 2002 with its headquarters in Riyadh.

The company's capital amounts to SAR 34 million, divided into 3.4 million shares.

Its activities are the wholesale of foods and beverages.

Its activities are the wholesale of foods and beverages, and it owns three properties with five leased properties.