Logo of TANMIAH
Tanmiah Food Co. (TANMIAH) issued today, June 23, a prospectus for its initial public offering (IPO) on the Saudi Exchange (Tadawul).
The company will sell 6 million shares, or 30% of its 20 million share capital to the public. The one-day retail offering will run on July 27.
Earlier in June, the Capital Market Authority (CMA) approved the listing of a 30% stake, or 6 million shares, of Tanmiah Food Co. on Tadawul,
The IPO targets two tranches:
Participating parties: This tranche comprises all categories of investors entitled to participate in the book-building process, including investment funds, qualified foreign investors and companies, Gulf corporate investors and legal personalities.
A total of 6 million shares or 100% of the offering size will be allocated to institutional investors, subject to a scale-back to 90% or 20.57 million shares.
Retail investors: This tranche comprises Saudi nationals, including Saudi female divorcees or widows with minor children from a non-Saudi father. It also includes any non-Saudi natural person who is a resident in the Kingdom and any GCC national, who holds a bank account with one of the receiving entities.
Up to 10% of the offering size, or 600,000 shares, will be allocated to this tranche.
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Company’s Profile |
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Company |
Tanmiah Food Co. (TANMIAH) |
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Market |
Main Market |
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Main activities |
_ The production and sale of fresh poultry
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Capital |
SAR 200 mln |
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IPO Summary |
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Issue percentage |
30% |
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Number of shares offered |
6 mln |
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Qualified subscribers |
-Participating categories that include investment funds, QFIs, legal entities and GCC investors. -Retail investors. |
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IPO minimum size for retail investors |
10 shares |
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IPO minimum size for participating categories |
100,000 shares |
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IPO maximum size for retail investors |
250,000 shares |
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IPO maximum size for institutional investors |
999999 shares |
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Registering requests and book building period |
June 27 – July 1 |
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Retail offering period (one day) |
Tuesday, July 27 |
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Final allocation of IPO shares |
Aug. 2, 2021 |
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Surplus refund |
Aug. 4, 2021 |
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Company’s Shareholders |
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Shareholders |
Before IPO |
After IPO |
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No. of shares (mln) |
Ownership |
No. of shares (mln) |
Ownership |
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Al-Dabbagh Group Holding |
19.20 |
96% |
14.00 |
70% |
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Tanmiah Commercial Group |
0.80 |
4% |
-- |
-- |
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Public |
-- |
-- |
6.00 |
30% |
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Total |
20.00 |
100% |
20.00 |
100% |
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Additional Information |
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Financial advisor, lead manager, underwriter and book runner |
Saudi Fransi Capital |
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Receiving banks |
Banque Saudi Fransi |
earlier reported.
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