Logo of Arabian Food & Dairy Factories Co. (FADECO)
Arabian Food & Dairy Factories Co. (FADECO) plans to offer 282,000 shares, or 20% of its capital, on Nomu-Parallel Market, starting from May 11, announced Yaqeen Capital, the financial advisor and lead manager on the potential offering.
The final offer price will be determined for all subscribers after the book-building period ends, according to a bourse filing.
The Saudi Exchange (Tadawul) approved the company’s application for listing its shares on Nomu on Nov. 14, 2021.
The Capital Market Authority (CMA) approved, on March 28, the application received from the company to offer 20 % of its capital on Nomu.
The offering will run until May 15.
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Company Profile |
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Company |
Arabian Food & Dairy Factories Co. (FADECO) |
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Market |
Nomu Parallel Market |
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Core Activities |
Manufacture of ice cream |
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Capital |
SAR 14.10 mln |
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Number of shares |
1.41 mln shares |
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IPO Summary |
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Issue percentage (%) |
20% |
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Offered shares |
282,000 shares |
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Offer price |
Not determined yet |
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Minimum limit |
10 shares |
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Maximum limit |
70490 shares |
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Subscription period |
From May 11-15, 2022 |
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Final allotment |
May 22, 2022 |
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Refund (if any) |
May 24, 2022 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of shares (‘000 shares) |
Ownership (%) |
Number of shares (‘000 shares) |
Ownership (%) |
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HAK Holding - Hassan Abdulkarim Al-Qahtani Group |
1262.70 |
89.55% |
1010.16 |
71.64% |
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Haka Investment Co. |
140.30 |
9.95% |
112.24 |
7.96% |
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Other individuals |
0.91 |
0.07% |
0.78 |
0.05% |
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Public (82 shareholders) |
6.09 |
0.43% |
4.87 |
0.35% |
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QFIs (Public) |
-- |
-- |
282.00 |
20.00% |
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Total |
1410.00 |
100% |
1410.00 |
100% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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External Auditor |
Baker Tilly |
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