NOMU trading screen
National Fertilizer Co. (NAFCO) announced today, June 29, the registration document for the direct listing of its shares on Nomu Parallel Market.
The Capital Market Authority (CMA) approved on March 31, the registration of NAFCO’s shares for the purpose of direct listing on Nomu.
Established in 1981, the Riyadh-based company operates with SAR 50 million in capital, divided into five million shares.
NAFCO, as per its commercial register, specializes in the production of fertilizers, nitrogen compounds, plastics in their primary forms, all forms of soap (paste, liquid, and dry), industrial detergents, as well as a full range of cleaning products.
As for the company's current activity, it is represented in the manufacture and production of detergents, chemical fertilizers, and plastics, in addition to agricultural production through its subsidiary "Jal Sahara Company for Agricultural Production".
It hired FALCOM Financial Services as a financial advisor for the share listing and set the price guidance at SAR 32.
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NAFCO Shareholders |
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Shareholders |
Before Direct Listing |
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No. of shares ('000) |
Ownership percentage |
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Jarir Commercial Investments Co. |
800.0 |
16.00% |
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Barjes Mohammed Barjes Al Nasser |
515.7 |
10.31% |
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Abdullah Mohammed Barjes Al Nasser |
515.7 |
10.31% |
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Abdulaziz Mohammed Barjes Al Nasser |
500.0 |
10.00% |
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Fahd Mohammed Barjes Al Nasser |
500.0 |
10.00% |
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Ajlan Ibrahim Saad Al Ajlan |
467.3 |
9.32% |
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Other shareholders owning less than 5% (70 shareholders) |
1701.2 |
34.02% |
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Total |
5000.0 |
100% |
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Company Profile |
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Company |
National Fertilizer Co. (NAFCO) |
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Market |
Nomu Parallel Market |
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Core Activities |
Manufacture and production of detergents, chemical fertilizers and plastics, in addition to agricultural production |
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Status |
Active |
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Capital |
SAR 50 mln |
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Direct Listing Profile |
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Number of Shares |
0.5 mln shares |
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Nominal Value |
SAR 10/share |
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Price guidance |
SAR 32 |
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Method of Setting Opening Price |
The share opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Additional Information |
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Financial advisor |
FALCOM Financial Services |
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Legal Advisor |
Alkharashi & Company Certified Accountants & Auditors |
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