Foods Gate issues prospectus to float 420,000 shares on Nomu

Logo of Foods Gate Trading Co.

Foods Gate Trading Co. issued today, Jan. 30, the prospectus to list 420,000 shares on Tadawul's Nomu-Parallel Market.

 

The offer shares represent 20% of the company’s total SAR 21 million capital.

 

The Capital Market Authority (CMA) approved, on Nov. 14, 2022, the application submitted by the company to register and offer 420,000 shares on Nomu.

 

The offer period will run from March 12-16.

 

The company was established in May 2005 in Riyadh. Its main activity, as per its articles of association, is providing accommodation and food services.

 

The company's actual activity is setting up restaurants for the sale of Japanese food and beverages.

 

Company Profile

Company

Foods Gate Trading Co.

Market

Nomu-Parallel Market

Core Activities

Full-Service Restaurants

Capital

SAR 21 mln

Total Shares

2.1 mln
 

IPO Summary

Issue Percentage

20%

Offered Shares

420,000

Minimum Limit

10 shares

Maximum Limit

104,990 shares

Subscription Period

March 12-16, 2023

Final Allocation

March 21, 2023

Refund (if any)

March 23, 2023
 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(‘000 shares)

Ownership

(%)

Number of Shares

(‘000 shares)

Ownership

(%)

Abdulilah Saad Mohammed Aldrees

300

14.29%

240

11.43%

Haifa Saleh Ali Abakhalil

300

14.29%

240

11.43%

Saad Abdulilah Saad Aldrees

300

14.29%

240

11.43%

Saleh Abdulilah Saad Aldrees

300

14.29%

240

11.43%

Ahmed Abdulilah Saad Aldrees

300

14.29%

240

11.43%

Alanoud Abdulilah Saad Aldrees

300

14.29%

240

11.43%

Faisal Abdulilah Saad Aldrees

300

14.29%

240

11.43%

Qualified Investors

--

--

420

20%

Total

2100

100%

2100

100%
 

Additional Information

Financial Advisor and Lead Manager

Yaqeen Capital

 

For More IPOs

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