Albabtain Offers 16% of its shares in NOMU, subscription period begins September 25

Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Abdulaziz & Mansour Ibrahim Albabtain Company (ALBABTAIN FOOD) (the “Company” or “ALBABTAIN FOOD”) announced on Sunday the intention of the Company to offer (544,000) ordinary shares representing (16.00%) of the Company’s shares (“the Offering”), and the listing of the Company’s shares on the Parallel Market (“NOMU”).
The Saudi Exchange approved the Company’s application for the listing its shares on the Parallel Market (“NOMU”) on 15-11-2021 and the Capital Market Authority (“CMA”) approved the Company’s application for the Offering of the Company’s shares on the Parallel Market (“NOMU”) on 29-06-2022. 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 Sunday 25-09-2022 and will end on Wednesday 28-09-2022.