Accessibility Statement Skip Navigation
  • Back to Global Sites
  • +971 (0) 4 368 1644
  • GDPR
  • Journalists
  • Send a Release
PR Newswire: news distribution, targeting and monitoring
  • News
  • Products
  • Contact
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • Telephone

    • +971 (0) 4 368 1644 from 8 AM - 5:30 PM GMT

    • Contact
    • Contact

      +971 (0) 4 368 1644
      from 8 AM - 5:30 PM GMT

  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR

Tanmiah Food Company Launches IPO Book Building Process, Sets Price Range
  • USA - English

Tanmiah Food Company Logo

News provided by

Tanmiah Food Company

27 Jun, 2021, 14:38 GMT

Share this article

Share toX

Share this article

Share toX

- Price range for the Offering is set at SAR 59 – 67 per share

- The Institutional subscription period will begin on 27 June 2021 and end on 1 July 2021

- The Retail subscription period will take place on 27 July 2021

RIYADH, Saudi Arabia, June 27, 2021 /PRNewswire/ -- Saudi Fransi Capital announces that it is starting the process of building the order book in preparation for offering 30% of the shares of Tanmiah Food Company ("Tanmiah" or the "Company") for public subscription through an Initial Public Offering ("IPO", the "Transaction" or the "Offering").

Saudi Fransi Capital, the Financial Advisor, Lead Manager, Bookrunner, and Underwriter for Tanmiah Food Company's IPO has announced the price range of the offering and the start of the book building process for the Institutional Tranche on 17/11/1442H (corresponding to 27/06/2021G). The institutional subscription period will continue until end of day on 21/11/1442H (corresponding to 01/07/2021G).

The Offering of the shares of Tanmiah will include the Institutional Tranche, where six million (6,000,000) Ordinary Shares will be offered to institutional investors, representing 30% of the share capital of the Company. The price range for the Offering has been set between SAR 59 – 67 per share. The minimum number of shares that can be subscribed to for each category of investors is one hundred thousand (100,000) Ordinary Shares, while the maximum number of shares that can be subscribed to is nine hundred and ninety-nine thousand nine hundred and ninety-nine (999,999) Ordinary Shares.

Saudi Fransi Capital will set the price of the Offering after the completion of the book building process, which will be followed by the subscription period for retail investors, where six hundred thousand (600,000) Ordinary Shares will be offered to individual members of the public (the "Retail Tranche"). A maximum of 10% of the shares offered for public subscription will be to individual subscribers. The subscription process for the Retail Tranche will last for one day, on 17/12/1442H (corresponding to 27/07/2021G).

In the event of sufficient demand from individual subscribers, Saudi Fransi Capital as Lead Manager has the right to reduce the number of offered shares allocated to the Institutional Tranche to a minimum of five million four hundred thousand (5,400,000) shares, representing (90%) of the total shares offered.

For more information and to view Tanmiah Food Company's Prospectus, please visit the website of the Capital Market Authority www.cma.org.sa, the website of Tanmiah Food Company www.tanmiah.com, or the website of Saudi Fransi Capital www.sfc.sa.

Logo - https://mma.prnewswire.com/media/1552331/Tanmiah_Food_Company_Logo.jpg

For media enquiries, please contact:

George Allen
[email protected]
+971 4 369 9353

Modal title

Also from this source

Tanmiah Appoints Ms. Zein Attar as Managing Director and Chief Human Resources Officer

Tanmiah Food Company announced the appointment of Ms. Zein Attar as Managing Director and Chief Human Resources Officer, effective October 20, 2025....

Tanmiah Inaugurates New Primary Processing Plant and Automated Feed Mill to Boost Food Security and Growth in Saudi Arabia

Tanmiah Inaugurates New Primary Processing Plant and Automated Feed Mill to Boost Food Security and Growth in Saudi Arabia

Under the patronage and attendance of His Excellency Eng. Abdulrahman Abdulmohsen AlFadley, Minister of Environment, Water and Agriculture, Tanmiah...

المزيد من الإصدارات من هذا المصدر

Explore

Food & Beverages

Food & Beverages

Retail

Retail

Stock Offering

Stock Offering

Accounting News & Issues

Accounting News & Issues

المزيد من البيانات الصحفية في مواضيع ذات صلة

Contact PR Newswire

  • +971 (0) 4 368 1644
    from 8 AM - 5:30 PM GMT

Global Sites

  • APAC
  • APAC - Traditional Chinese
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany

 

  • India
  • Indonesia
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland

 

  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • United States

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921
Global Sites
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • United States
+971 (0) 4 368 1644
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • Cookie Settings
Copyright © 2025 Cision US Inc.