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  • 28-06-21

    Tanmiah Food Co. inaugurates process of building its order book

    (MENAFN)According to the financial advisor for the listing, the Tanmiah Food Co. launched the process of building its order book, ahead of a plan to offer 30 percent of shares through an initial public offering (IPO), Saudi Fransi Capital.

    As part of the IPO, about 6 million ordinary shares is going to be offered to institutional investors, showing 30 percent of the share capital of the company, with the price set amid SR59 to 67 ($15.73 to USD17.87) per share.

    The Tanmiah Food Co. operates 84 farms, in addition to six hatcheries, a feed mill, two slaughterhouses, three food processing plants, and 13 dry and cold storage facilities situated in Saudi Arabia, Bahrain and the UAE.

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