Yaqeen Cap says AlBabtain Food to list shares on Nomu

04/09/2022 Argaam

Yaqeen Capital Co., the financial advisor and lead manager on the potential initial public offering (IPO) of Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food), announced the company’s intention to offer 544,000 ordinary shares, or 16% of its capital, on Nomu-Parallel Market.

 

The Saudi Exchange (Tadawul) approved the company’s application for listing its shares on Nomu on Nov. 15, 2021.

 

The Capital Market Authority (CMA) gave its nod for AlBabtain Food’s IPO on June 29, 2022.

 

The offer price will be determined after the book-building period. The offering period will run from Sept. 25-28.

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