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  • 04-05-21

    Saudi Snack Company becomes latest addition to parallel equity market

    (MENAFN)Saudi snack company Fesh Fash turned into the latest addition to the Kingdom’s parallel equity market.

    It stated that Fesh Fash Snack Food Production Company on Tuesday is going to set its shares on the Nomu market.

    Fesh Fash is considered one of the Kingdom’s long founded food companies producing corn puffs, potato chips and mini sticks.

    The Saudi food industry gains high investment as part of a broader push to increase food security and decrease its reliance on imports.

    Nomu is the Kingdom’s parallel equity market with lighter listing needs and that is set to qualified investors. It gives additional sources of funding for companies and plans to improve the diversification and strengthen the Saudi capital market.

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