BUSINESS

Tanmiah IPO announces retail subscription date

July 26, 2021

RIYADH — Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and underwriter for Tanmiah Food Company’s (Tanmiah) Initial Public Offering (IPO) has announced that Tuesday, July 27, 2021, is the date for subscription by individual investors to the Retail Tranche of Tanmiah’s IPO.

The retail subscription period will last for one day only. Six million (6,000,000) Ordinary Shares, representing 30% of the total shares of Tanmiah Food Company, were offered to institutional investors during the book building process, and six hundred thousand (600,000) Ordinary Shares have been allocated to individual subscribers, representing 10% of the total offered shares, at a price of SR 67 per share.

Saudi Fransi Capital stated that the receiving bank, Banque Saudi Fransi, has completed its preparations and will provide all necessary facilities to allow individual subscribers to subscribe to the IPO through their branches throughout the Kingdom and through various electronic means.

The prospectus for the subscription was published on the website of the Capital Market Authority www.cma.org.sa, the website of Tanmiah Food Company www.tanmiah.com, and the website of Saudi Fransi Capital www.sfc.sa. — SG


July 26, 2021
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