RIYADH: Abdulaziz & Mansour Ibrahim Albabtain Co., known as Albabtain Food, has set its offering price for a direct listing on Saudi Arabia’s parallel stock market Nomu at SR77 ($20.49) per share.
Yaqeen Capital, the financial adviser and lead manager for the transaction, confirmed the news in a bourse filing.
Founded in 1998 by the AlBabtain family, AlBabtain Food has 11 branches spread across the Kingdom, allowing the company to provide its customers with a high level of services in the region.
The company manufactures a range of products including bread, pastries, and ice cream.