Balady Poultry shares start trading on Nomu today

Logo of Balady Poultry Co.

Balady Poultry Co.'s shares will start trading on Nomu Parallel Market today, March 19, with the symbol 9559 and ISIN Code SA15OHDKLBH0, at a price of SAR 91 per share.

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

The Capital Market Authority (CMA) approved, on Dec. 28, 2022, the company’s application to list its shares on Nomu, Argaam earlier reported.

The company announced on Jan. 18, its registration document to list on Nomu, setting the price guidance at SAR 91/share.

This will be the second direct listing on Nomu in 2023, after Alqemam for Computer Systems Co., while three other companies were offered to qualified investors.

Nomu witnessed 32 listings last year, divided into 13 direct listings, 18 offerings to qualified investors and one REIT. 

Balady Poultry will bring the total number of companies on Nomu to 50, in addition to one REIT (Alwaha REIT Fund). 

Company Info:

Balady Poultry is a Saudi closed joint-stock company, established as a limited liability company in 2007 and headquartered in Khamis Mushait.

The company's capital amounts to SAR 65.7 million, divided into 6.57 million shares.

The company's activities, as stated in its commercial register, include operating slaughterhouses (slaughtering and preparing poultry, rabbit and bird meat), production of fresh types of poultry, rabbit and bird meat, production of chilled and frozen meat, and manufacturing of poultry feed.

Meanwhile, the company's current activities include importing, buying and selling eggs; hatching chickens; buying and selling chicks; raising and feeding poultry, providing veterinary care; owning, operating and managing poultry farms; establishing, installing and equipping barns; as well as establishing, managing and operating feed factories for poultry.

The company also establishes, manages and operates slaughterhouses for slaughtering and preparing chicken and parts preparation; markets and distributes its products in stores or through authorized distributors. 

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