CMA OKs Khairat 250,000-share offering on Nomu

Logo of Khairat Co.

The Capital Market Authority’s (CMA) board of directos approved Khairat Co.’s planned initial public offering (IPO) of 250,000 shares (representing 23.81% of capital) on the Nomu-Parallel Market.

In a statement today, March 16, the CMA clarified that the offering will be limited to qualified investors, as defined in its regulations and rules, and that a prospectus will be published well in advance of the offering start date.

The approval is valid for six months from the board’s decision and will be deemed void if the company’s shares are not fully offered and listed within this period.

According to the company’s website, Khairat produces livestock and poultry feed and barley substitutes. Its factory is located in Khamis Mushait, Aseer, with an annual production capacity of 360,000 tons.