Logo of Alamar Foods Co.
Alamar Foods Co. plans to offer 41.7%, or 10.63 million of its share capital in an initial public offering (IPO) to list on shares on the Saudi Exchange (Tadawul), according to HSBC Saudi Arabia, the financial advisor, bookrunner, lead manager, and underwriter on the potential IPO.
Alamar’s request to list shares on the main market was approved by Tadawul on March 15.
Saudi Arabia’s Capital Market Authority (CMA) approved, on June 7, the application filed by Alamar to float 10.63 million shares, representing 41.7% of its capital, in an initial public offering (IPO).
The final offering price will be determined after the book-building process.
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