Horizon Food board approves transition to TASI

03/04/2025 Argaam

Logo of Horizon Food Co.

Horizon Food Co.’s board of directors approved, on March 27, the company’s transition from the Nomu-Parallel Market to the Main Market (TASI), according to a statement to Tadawul.

 

The board has appointed Alistithmar Capital to manage the company’s transition file.

 

For more news on listed companies

 

The company’s transition to TASI is subject to the approval of the Saudi Exchange (Tadawul) and the fulfillment of all the listing requirements, the statement said, noting that relevant updates will be provided in due course.

 

Established in 2018 as a limited liability company, Horizon Food is a Saudi closed joint stock company headquartered in Al Khobar, according to data available with Argaam.

 

The company started trading on Nomu on March 26, 2023. Its current capital stands at SAR 80 million, divided into eight million shares.

 

Tabuk Agricultural Development Co. (TADCO) holds a 40% stake in Horizon Food.

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