Announcement of Alamar Foods’ intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange
HSBC Saudi Arabia in its capacity as the Financial Advisor, Bookrunner, Lead Manager, and Underwriter on the potential initial public offering of Alamar Foods (“Alamar” or the “Company”) announces the Company’s intention to proceed with the initial public offering and listing of its ordinary shares (“Shares”) on the Main Market of the Saudi Exchange, where offering is expected to comprise a sale of existing shares and results in a free float of 41.699% of the Company’s share capital.
The Saudi Exchange approved the Company’s application for the listing of the Shares on the Main Market on the 15th of March 2022G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 10,633,392 ordinary shares (representing 41.699% of the Company’s share capital) on the 7th of June 2022G. The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period.
For more information, please visit the Capital Market Authority website (www.cma.org.sa) and Alamar’s website (https://alamar.com/ipo/) where the Offering Prospectus will be published.
Date: 13 June 2022