Yaqeen Capital offers FADECO, lists its shares on NOMU

Yaqeen Capital in its capacity as the financial advisor and lead manager on the potential offering of Arabian Food & Dairy Factories Company (FADECO) (the “Company” or “FADECO”) announce the intention of the Company to offer (282,000) ordinary shares representing (20.00%) of the Company’s shares (“the Offering”), and the listing of the Company’s shares on the Parallel Market (“NOMU”).

It should ne noted that the Saudi Exchange approved the Company’s application for the listing its shares on the Parallel Market (“NOMU”) on Nov 11^th 2021, also the Capital Market Authority (“CMA”) approved the Company’s application for the Offering of the Company’s shares on the Parallel Market (“NOMU”) on Mar 28^th 2022.

The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period. The Offering Period will begin on Wednesday May 11^th 2022 and will end on Sunday May 15^th 2022.