Latest news with #NafCompany
Zawya
17-07-2025
- Business
- Zawya
Saudi feed producer Naf Company to debut on Nomu next week
Saudi Arabia's Naf Company for Feed Industry will list its shares on the Saudi Stock Exchange Parallel Market, Nomu next week. The shares of the animal feed producer will trade under the symbol 9644 with ISIN Code SA16B164MM11 on Sunday, July 20, 2025, the Saudi Exchange confirmed on Wednesday. The upcoming stock market debut follows the successful conclusion of Naf's initial public offering (IPO), which was 111% oversubscribed. The 20% IPO, which ran from June 22 to June 26, 2025, was set at SAR 76 ($20) per share. (Writing by Cleofe Maceda; editing by Seban Scaria)
Argaam
22-06-2025
- Business
- Argaam
Subscription to Naf's 400,000 shares starts today on Nomu
Qualified investors started today, June 22, subscribing to 400,000 shares of Naf Company for Feed for Industry on the Nomu-Parallel Market at SAR 76 apiece. The shares on offer represent 20% of the company's pre-IPO capital of SAR 20 million, divided into two million shares at SAR 10 each. For More IPOs The share sale will run from June 22-26, 2025. Today's listings of Naf will bring this year's IPOs to 19. Nomu witnessed 28 IPOs in 2024. In March, the Capital Market Authority (CMA) approved Naf's application to offer its shares on Nomu. The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their accounts, as well as clients of capital market institutions authorized to carry out management operations. This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa). They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries. They also include investment funds and any legal person entitled to open investment accounts inside the Kingdom and with Edaa. Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below: They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months. Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector. They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body. 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 actual activity is the manufacturing and sale of feed products. Company Profile Company Naf Company for Feed for Industry Core Activities Manufacturing and sale of feed products Market Nomu-Parallel Market Capital SAR 20 mln Number of Shares 2 mln Nominal Value SAR 10 IPO Summary Issue Percentage 20% Offered Shares 400,000 IPO Minimum Limit 10 shares IPO Maximum Limit 90,000 shares Offer Period June 22-26, 2025 Final Allocation June 30, 2025 Surplus Refund (If any) July 2, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares ('000) Ownership (%) Number of Shares ('000) Ownership (%) Fayez Ithaar Talhab Al-Harbi 840 42% 672 33.6% Saud bin Habbas Al-Gharabi Al-Harbi 840 42% 672 33.6% Abdullah Sulaiman Al-Khalifa 320 16% 256 12.8% Qualified investors -- -- 400 20% Total 2000 100% 2000 100% Additional Information Financial Advisor TeamOne Consulting Lead Manager Derayah Financial
Zawya
17-06-2025
- Business
- Zawya
Saudi feed company Naf seeks $8.1mln from IPO
Saudi Arabia's Naf Company for Feed for Industry (Naf), an animal fodder producer, is looking to raise SAR 30.4 million ($8.1 million) from its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) Parallel Market, Nomu. The company, whose core business involves the manufacturing and sale of various feed products for livestock and poultry, has set its IPO price at SAR 76 per share. The offering comprises 400,000 ordinary shares, representing a 20% stake. All the 400,000 offer shares will be allocated to qualified investors. Minimum subscription is set at 10 shares and maximum at 90,000 shares. The offering will run for five days, from June 22, 2025 to June 26, 2025. Naf has appointed TeamOne Company as the financial advisor for the offering. (Writing by Cleofe Maceda; editing by Seban Scaria)
Argaam
16-06-2025
- Business
- Argaam
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. For More IPOs 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.
Argaam
25-05-2025
- Business
- Argaam
Naf issues prospectus to float 400,000 shares on Nomu
Naf Company for Feed for Industry issued today, May 25, the prospectus to float 400,000 shares, or 20% of capital, on the Nomu-Parallel Market. The company's current capital amounts to SAR 20 million, divided into two million shares at a par value of SAR 10 each. For More IPOs The share sale will run from June 22-26. The Capital Market Authority (CMA) approved, in March, the company's application for direct listing on Nomu. 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. Company Profile Company Naf Company for Feed for Industry Core Activities Manufacturing and sale of feed products Market Nomu-Parallel Market Capital SAR 20 mln Number of Shares 2 mln Nominal Value SAR 10 IPO Summary Issue Percentage 20% Offered Shares 400,000 IPO Minimum Limit 10 shares IPO Maximum Limit 90,000 shares Offer Period June 22-26, 2025 Final Allocation June 30, 2025 Surplus Refund (If any) July 2, 2025 Company Shareholders Shareholders Before IPO After IPO Number of Shares ('000) Ownership (%) Number of Shares ('000) Ownership (%) Fayez Ithaar Talhab Al-Harbi 840 42% 672 33.6% Saud bin Habbas Al-Gharabi Al-Harbi 840 42% 672 33.6% Abdullah Sulaiman Al-Khalifa 320 16% 256 12.8% Qualified investors -- -- 400 20% Total 2000 100% 2000 100% Additional Information Financial Advisor TeamOne Consulting Lead Manager Derayah Financial
