NOMU trading screen

National Fertilizer Co. (NAFCO) announced today, June 29, the registration document for the direct listing of its shares on Nomu Parallel Market.
 

The Capital Market Authority (CMA) approved on March 31, the registration of NAFCO’s shares for the purpose of direct listing on Nomu.

 

Established in 1981, the Riyadh-based company operates with SAR 50 million in capital, divided into five million shares.

 

NAFCO, as per its commercial register, specializes in the production of fertilizers, nitrogen compounds, plastics in their primary forms, all forms of soap (paste, liquid, and dry), industrial detergents, as well as a full range of cleaning products.

 

As for the company's current activity, it is represented in the manufacture and production of detergents, chemical fertilizers, and plastics, in addition to agricultural production through its subsidiary "Jal Sahara Company for Agricultural Production".

 

It hired FALCOM Financial Services as a financial advisor for the share listing and set the price guidance at SAR 32.

 

NAFCO Shareholders

Shareholders

Before Direct Listing

No. of shares ('000)

Ownership percentage

Jarir Commercial Investments Co.

800.0

16.00%

Barjes Mohammed Barjes Al Nasser

515.7

10.31%

Abdullah Mohammed Barjes Al Nasser

515.7

10.31%

Abdulaziz Mohammed Barjes Al Nasser

500.0

10.00%

Fahd Mohammed Barjes Al Nasser

500.0

10.00%

Ajlan Ibrahim Saad Al Ajlan

467.3

9.32%

Other shareholders owning less than 5% (70 shareholders)

1701.2

34.02%

Total

5000.0

100%
 

Company Profile

Company 

National Fertilizer Co. (NAFCO)

Market

Nomu Parallel Market

Core Activities

Manufacture and production of detergents, chemical fertilizers and plastics, in addition to agricultural production

Status

Active

Capital

SAR 50 mln

 

Direct Listing Profile

 

Number of Shares

0.5 mln shares

Nominal Value

SAR 10/share

Price guidance

SAR 32

Method of Setting Opening Price

 

 

 

The share opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified investors

- Current shareholders (except for owners of 5% or more for which the lock-up applies.

- Qualified investors categories

 

Additional Information

Financial advisor

FALCOM Financial Services

Legal Advisor

Alkharashi & Company Certified Accountants & Auditors

 

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