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×Brief
Company Status: | Listed |
Business Activity: | Production, packaging and sale of flour products and its derivatives, animal feed and bran. |
Current Capital: | 81.83 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Agriculture and Food Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 48.00 |
Issue Volume (M Riyal): | 1,178.38 |
Premium: | 47.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 22.09 Million Shares |
Minimum Subscription (Institutions): | 50.00 Thousand Shares |
Maximum Subscription (Institutions): | 4.09 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds from the Offering (after deducting the Offering expenses estimated at SAR 41 million) will be distributed to the Selling Shareholders based on each Selling Shareholder’s percentage ownership in the Offer Shares, The Company will not receive any part of the Net Proceeds from the Offerin . |
Restrictions on Dealing in Shares: | _ Starting from the commencement of trading of the Company’s shares on the Exchange, Substantial Shareholders are prohibited from disposing of their shares without obtaining the approval of the GFSA and the CMA, subject to obtaining any required approvals from other concerned Government Authorities, _ After the Offering, Current Shareholders of the Company shall maintain ownership of at least 51% in the Company (directly or indirectly) for the duration of the financing document between the Company and Alinma Bank, _ In addition, the Company may not list shares of the same class of the Offer Shares for a period of 6 months from the date of commencement of trading the Shares on the Exchange. Shares shall also be subject to the general restrictions applied to listed shares in the Kingdom . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 12/31/2023 |
The minimum & maximum offering price: | 3/5/2024 |
Subscription End Date: | 3/6/2024 |
Allocation Date: | 3/12/2024 |
Distribution Date: | 3/18/2024 |
Listing Date: | 3/27/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Mada International Holding Company | 28.23 | 34.50 % | 1,555.59 |
Al Ghurair Foods Company | 25.41 | 31.05 % | 1,400.03 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Saudi Arabia Co., Emirates NBD Capital - KSA |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | - |
Receiving Bank: | Al Rajhi Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 2577.29 mln |
Subscription Percentage: | 2190% |
No. of Subscribers: | 966.71 thousand subscribers |
Allocation: | 2 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around 1.0076% on average . |
Chart - Modern Mills for Food Products Co.
Share Performance
Last Price: | 55.10 |
Change: | (0.72) % |
Market Cap (M): | 4,517.13 |
Turnover: | 22,144,418.00 |
Transactions: | 2,516.00 |
Share Stats
First Day Open: | 52.80 |
First Day High: | 62.40 |
First Day Low: | 52.80 |
First Day Close: | 62.40 |
1st Day Change: | 30.00 % |
1st Month Change: | 11.25 % |
1st year Change: | - |
Since listing: | 15.00 % |
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