AlMuneef issues prospectus to list 760,000 shares on Nomu

Logo of AlMuneef Co. For Trade, Industry, Agriculture and Contracting

AlMuneef Co. For Trade, Industry, Agriculture and Contracting issued today the prospectus to list 760,000 shares on Tadawul's Nomu-Parallel Market.

This represents 20% of AlMuneef’s SAR 38 million capital, or 3.8 million shares.

The Capital Market Authority (CMA) approved, in December 2022, the application submitted by the company to register and offer 760,000 shares on Nomu.

The offer period will run for five days from May 14-18.

AlMuneef Co. For Trade, Industry, Agriculture and Contracting was established as a closed joint stock company in May 2009 in Riyadh. It operates in supplying some products of the agricultural sector and wholesale or retail sale of seeds, fertilizers, pesticides and others.

The company's current actual activity is represented in the purchase and supply of some products related to the agricultural sector, such as seeds, fertilizers, pesticides, and agricultural supplies, re-packaging and wrapping them in multi-size packages, marketing and selling them, whether wholesale or retail, through the company's sales outlets, in addition to its website.

The company provides land transportation services for petroleum products, agricultural fertilizers and equipment through its owned specialized transport fleet.

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