Subscription to Naf’s 400,000 shares starts today on Nomu

Logo of Naf Company for Feed for Industry

Qualified investors started today, June 22, subscribing to 400,000 shares of Naf Company for Feed for Industry on the Nomu-Parallel Market at SAR 76 apiece.

The shares on offer represent 20% of the company's pre-IPO capital of SAR 20 million, divided into two million shares at SAR 10 each.

For More IPOs

The share sale will run from June 22-26, 2025.

Today’s listing of Naf will bring this year’s IPOs to 19. Nomu witnessed 28 IPOs in 2024.

In March, the Capital Market Authority (CMA) approved Naf’s application to offer its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their accounts, as well as clients of capital market institutions authorized to carry out management operations.

This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.

The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.

They also include investment funds and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Company Overview

The company was established in 2015 in Riyadh as a branch of a sole proprietorship under the name Naf Feed Factory for Industry Co. before being transformed into a closed joint-stock firm.

Its actual activity is the manufacturing and sale of feed products.