Horizon Foods issues prospectus for 20% IPO on Nomu

RIYADH: Saudi livestock meat firm Horizon Foods, a subsidiary of Tabuk Agricultural Development Co., has issued the prospectus to list 1.6 million shares on the Kingdom’s parallel market Nomu. 

According to information on the Saudi Stock Exchange website, the offer shares represent 20 percent of the firm’s total capital of SR80 million ($21.32 million), which is divided into 8 million shares.

Earlier in December, Saudi Arabia’s Capital Market Authority had approved the request of Horizon Foods to float 1.6 million shares on Nomu.