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Announcement of Arabian Mills for Food Products Company’s intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange

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HSBC SA
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1446/02/17     21/08/2024 15:34:46

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Announcement Detail HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Global Coordinator, Bookrunner, Lead Manager, and Underwriter on the potential initial public offering of Arabian Mills for Food Products Company (“Arabian Mills” 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, by way of a sale of existing Shares representing 30% of the Company’s Shares.

The Saudi Exchange approved the Company’s application for the listing of the Shares on the Main Market on 10 March 2024G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 15,394,502 ordinary shares (representing 30% of the Company’s share capital) on 24 June 2024G. 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 Arabian Mills website (www.arabianmills.com/ipo) where the Offering Prospectus will be published.

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The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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