Naf debuts on Nomu at SAR 76/shr today

Logo of Naf Company for Feed for Industry

Naf Company for Feed for Industry shares started trading on the Nomu-Parallel Market today, July 20, under the symbol 9644 and ISIN Code SA16B164MM11, at SAR 76 apiece.
 
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
 
 

Naf floated 400,000 shares on Nomu. The offered shares represented 20% of the company’s post-IPO capital, amounting to SAR 20 million, divided into two million shares. The offering was nearly 111% covered. 

 

The offering of Naf brought this year’s IPOs to 19 on Nomu, including one direct listing and 18 offerings to qualified investors.

 

 Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.

 

This listing brought the number of Nomu firms to 123, in addition to Alwaha REIT Fund.

 

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.

 

Company Profile 

Company 

Naf Company for Feed for Industry

Core Activities 

Manufacturing and sale of feed products

Market

Nomu-Parallel Market

Capital 

SAR 20 mln

Number of Shares 

2 mln

Nominal Value 

SAR 10
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(‘000)

Ownership

(%)

Number of Shares

(‘000)

Ownership

(%)

Fayez Adhar Talhab Al-Harbi​

840

42%

672

33.6%

Saud bin Habbas Al-Gharabi Al-Harbi

840

42%

672

33.6%

Abdullah Suleiman Khalifa Al-Khalifa​

320

16%

256

12.8%

Qualified investors

--

--

400

20%

Total

2,000

100%

2,000

100%
 

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