Please wait...
GulfBase Live Support
- PIF-backed Scopely acquires Pokemon GO maker for $3.5bn
- Saudi Arabia invites applications for exploration permits in Riyadh, Madinah regions
- Dubai port operator DP World grows 2024 revenues to record $20b
- Asyad Shipping shares steady on market debut after RO128mn IPO
- Qatar sees strong residential performance in Q4 2024
- Dubai office rents: Small businesses feel full impact of eviction notices
- UAE-Pakistan trade gets single-window boost after AD Ports Group deal
- India becomes top FDI source in Dubai with $3 billion investment
- Closing Bell: Saudi main index continues to decline on third consecutive day
- Saudi banks see profit surge in Q4 as rate cuts boost margins: Fitch Ratings
The offering comprises 15,394,502 offer shares
12/09/2024 15:24 AST
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building process, the company received orders worth SR134.1 billion from local and international investment institutions for its IPO of approximately 30 percent of its shares on the Saudi Stock Exchange. The offering comprises 15,394,502 offer shares. The firm announced that the institutional offering was oversubscribed by about 132 times, leading to the offer price being set at the maximum of the range. This indicates the company's market capitalization upon listing would be SR3.387 billion. As a result, the current stockholders will receive the net proceeds of the amount raised through the IPO, which is SR1.02 billion. From this public offering, the shareholders selling their shares, including Abdulaziz Alajlan Sons for Commercial and Real Estate Investments, Sulaiman Abdulaziz Al-Rajhi International Co., and the National Agricultural Development Co., will collectively receive SR1.02 million.
Arab News
| Ticker | Price | Volume |
|---|
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
13/03/2025
Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.
These vessel
Trade Arabia
12/03/2025
Oman's Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 5
Muscat Daily
11/03/2025
For the third consecutive year, Gulf Bank successfully organized an exhilarating fitness challenge at Lose Gain, a specialized group training gym. The event combined high-energy workouts with friendl
Khaleej Times
11/03/2025
Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, fr
Muscat Daily
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia