Alamar fast-food franchiser offers almost 11 million shares for Saudi exchange listing
According to the report of the CNBC Arabia, the Saudi fast-food chain franchiser Alamar Foods Co. will offer 10.6 million ordinary shares, representing 42% of its capital, as it prepares to list on the Saudi Arabian stock exchange.
The company has issued its initial public offering prospectus for the subscription which will start on July 20 and run through July 21.
A maximum of 1.036 million shares are eligible for subscription, representing 10 percent of the total offer. This follows the approval of the company’s request to offer part of its shares for public subscription last week by the Capital Market Authority.
Source: Arab News