Naf Nomu offering price set at SAR 76/shr
TeamOne Co., the financial advisor on the initial public offering (IPO) of Naf Company for Feed for Industry on the Nomu-Parallel Market, set the offer price at SAR 76 per share, according to a statement to Tadawul.
The Capital Market Authority (CMA) approved, in March, Naf's application for direct listing on Nomu. The company plans to float 400,000 shares, representing 20% of its issued capital, according to Argaam 's data.
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The share sale will run from June 22-26.
Incepted in 2015, the company was established in Riyadh as a branch of a sole proprietorship under the name "Naf Feed Factory for Industry Co.", before transforming into a closed joint-stock firm.
Its current actual activity is the manufacturing and sale of feed products.
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