Arabica Star issues prospectus to float 275,000 shares on Nomu

Logo of Arabica Star Co.

Arabica Star Co. issued today, Oct. 27, its prospectus to float 275,000 shares on Nomu-Parallel Market.

The offered shares represent 20% of the company’s post-initial public offering (IPO) capital (25% of pre-IPO capital).

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The share sale will run for five working days from Nov. 17-21.

The Capital Market Authority (CMA) approved, on Sept. 4, the company's Nomu offering application.

Arabica Star was established in 2012 in Buraydah. Its current actual activity, as of the prospectus announcement, is to establish and operate beverage shops (coffee shops) and restaurants.

Its business activities are represented in table-serve restaurants; meal-only activities (take out); mobile food trucks; coffee shops; ice cream shops; and fresh juices and cold drinks.

The company owns seven sub-registers distributed across Riyadh, Buraydah, Al Rass and Unaizah. One sub-register is based in Riyadh, where the company's products are showcased through kiosks, with four others in Buraydah (including kiosks and restaurants owned by the company). Each of Unaizah and Al Rass boast one sub-register, both used to vend the company's products through kiosks in the two cities.