RIYADH: Ice cream, pastry and bakery goods producer Abdulaziz and Mansour Ibrahim AlBabtain Co. will list its shares on Saudi Arabia’s parallel Nomu market on Oct. 18, according to a bourse filing.
The company, which is known as AlBabtain Food, was approved by the Saudi Exchange on Nov. 15 of last year to offer 544,000 ordinary shares, which represents 16 percent of its SR34 million ($9 million) capital, which is divided into a total of 3.40 million shares.
On Jun. 29, the Capital Market Authority granted approval for the AlBabtain listing on Nomu.
Earlier this month, AlBabtain Food Co. announced the successful completion of the offering of 544,000 shares, setting its final price at SR77 per share.
