Arabian Mills for Food Products Company, one of the market-leading flour milling companies in the Kingdom of Saudi Arabia, announces today the price range for its Initial Public Offering as well as the commencement of the institutional book building period for Participating Parties.

Key Information at Current Stage:

• IPO Price Range: SAR 62 to SAR 66 per share.
• Shares Offered: 15.4 million shares, representing 30% of the company's total issued shares (51.3 million shares).
• Institutional Book-Building Period: 1 September 2024 to 5 September 2024.

Investor Groups:

• Investor Group A: Participating Parties - This group includes institutional investors eligible to participate in the book-building process as per the CMA's guidelines. Initially, all the Offer Shares (15,394,502 shares) are allocated to this group. However, if there is sufficient demand from Individual Investors, the allocation may be reduced to a minimum of 13,855,052 shares, representing 90% of the total Offer Shares. The final allocation is determined by the Financial Advisor in coordination with the Company.
• Investor Group B: Individual Investors - This group includes Saudi Arabian natural persons, specific categories of Saudi women, non-Saudi residents in Saudi Arabia, and GCC nationals who meet certain criteria. A maximum of 1,539,450 shares, representing 10% of the Offer Shares, are allocated to this group. If the subscription by Individual Investors is not fully subscribed, the allocation may be adjusted proportionally by the Lead Manager.

Offering Timetable

Click to read the full announcement here

Previous News: Arabian Mills IPO Overview - Offer Timetable and Substantial Shareholders Revealed

- Reporting by Zaid, Sahm News team

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