CMA approves Alamar Foods IPO, Saudi Networkers Services’ Nomu listing

Reuters Images/Ahmed Yosri

Alamar Foods plans to list 10.63mln shares, representing 41.69% of its capital, on the Saudi Exchange

Staff Writer, Mubasher

June 9, 2022

PHOTO

Riyadh – The Capital Market Authority (CMA) has greenlighted the initial public offering (IPO) of Alamar Foods Company.

Alamar Foods plans to list 10.63 million shares, representing 41.69% of its capital, on the Saudi Exchange (Tadawul), according to a recent bourse disclosure.

The CMA also approved the Saudi Networkers Services Company’s request to trade 25% of its capital on the Parallel Market (Nomu) of Tadawul.

Saudi Networkers Services intends to list 1.50 million shares.

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