Logo of Arabian Co. for Agricultural & Industrial Investments (Entaj)
The IPO price will be determined after the book-building process. The subscription period will run for two working days, from Feb. 26-27.
According to the prospectus, the book-building process and subscription period for participating entities will run from Feb. 9 to Feb. 13.
Last September, the Capital Market Authority (CMA) approved the company's application to list its shares on TASI.
The subscription is limited to two categories of investors:
Tranche (A) Participating Entities: This tranche includes the parties entitled to participate in the book-building process in accordance with the book-building instructions, including investment funds, companies, qualified foreign investors, GCC corporate investors, and certain other foreign investors pursuant to swap agreements.
Tranche (B) Individual Subscribers: This tranche includes natural Saudi individuals, non-Saudi residents in the Kingdom, and GCC nationals. To be eligible, they must have an investment account and an active portfolio with a receiving agent and must also be eligible to open an investment account with a financial market institution.
Key background
Entaj began its poultry production business, ARASCO Foods, in 2004 and was established as a limited liability company in 2011. It serves as the commercial and investment arm of ARASCO, collaborating with various companies. Its activities include poultry products, egg trays, red meat products, and cold storage facilities.
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Company Profile |
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Company |
Entaj |
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Core Activities |
Poultry products, egg trays, red meat products, |
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Capital |
SAR 300 mln |
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Number of Shares |
30 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
30% |
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Offered shares |
9 mln shares |
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Total No. of Shares Offered to Individual Investors |
900,000 shares |
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IPO Minimum Limit (Participating Entities) |
100,000 shares |
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IPO Minimum Limit (Individual Subscribers) |
10 shares |
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IPO Maximum Limit (Participating Entities) |
1.5 mln shares |
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IPO Maximum Limit (Individual Subscribers) |
250,000 shares |
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Offer period |
From Feb. 26-27, 2025 |
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Final Allocation |
March 4, 2025 |
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Refund (if any) |
March 10, 2025 |
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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 (%) |
|
|
ARASCO |
28.53 |
95.10 % |
19.53 |
65.10 % |
|
Ocean Line Marine Services Co.* |
1.47 |
4.90 % |
1.47 |
4.90 % |
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Public |
-- |
-- |
9 |
30% |
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Total |
30.00 |
100 % |
30 |
100 % |
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Additional Information |
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Financial Advisor and Lead Manager |
SNB Capital |
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Receiving Banks |
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, Albilad Capital, ANB Capital, Alistithmar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Saudi Fransi Capital, Yaqeen Capital |
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