Logo of Almunajem Foods Co.
Almunajem Foods Co. announced today, Nov. 11, issuing the prospectus for its planned initial public offering (IPO) on the Saudi Exchange (Tadawul).
The Capital Market Authority (CMA) approved, on Sept. 28, the company's request to go public.
The book building process for participating parties will begin on Nov. 15.
The retail offering will run for two days starting Dec. 5.
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Company Profile |
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Company |
Almunajem Foods Co. |
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Market |
Saudi Exchange (Tadawul) |
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Core Activities |
Selling foodstuff |
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Capital |
SAR 600 mln |
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Number of shares |
60 mln shares |
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IPO Summary |
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Issue percentage (%) |
30% |
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Number of shares offered |
18 mln shares |
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Qualified subscribers |
- Participating categories that include investment funds, QFIs, legal entities and GCC investors. - Retail investors |
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Minimum limit for retail investors |
10 shares |
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Minimum size for institutional investors |
100,000 shares |
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Maximum size for retail investors |
300,000 shares |
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Maximum size for institutional investors |
2,999,999 shares |
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Registering requests period Book building period |
Nov. 15-21, 2021 |
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Retail subscription period |
Two days (Dec. 5 to Dec. 6, 2021) |
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Final allotment |
Dec. 11, 2021 |
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Surplus refunds |
Dec. 13, 2021 |
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Special Information |
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Financial advisor, lead manager, underwriter and book runner |
HSBC Saudi Arabia |
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Receiving banks |
Saudi British Bank - Saudi National Bank - Al Rajhi Bank |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of shares (mln shares) |
Ownership% |
Number of shares (mln shares) |
Ownership% |
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Abdullah Ali Almunajem Sons Co. |
59.40 |
99.0% |
41.58 |
69.3% |
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Al-KAFAA Real Estate Co. |
0.60 |
1.0% |
0.42 |
0.7% |
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Public |
-- |
-- |
18.00 |
30.0% |
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Total |
60.00 |
100% |
60.00 |
100% |
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