Logo ofArabian Company for Agricultural Industrial Investments (Entaj)
Arabian Company for Agricultural Industrial Investments (Entaj) starts trading on the Main Market (TASI) today, March 17, under the symbol 2287 and ISIN Code SA1690P13NH3, at a price of SAR 50 per share. 
The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and a static limit of +/-10%. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.
Entaj is the fourth listing on the Main Market in 2025 after Almoosa Health Co. on Jan. 7, Nice One on Jan. 8 and Derayah Financial on March 10.
In 2024, 13 companies listed onTadawul, besidesAlistithmar AREIC Diversified REIT Fund.
With Entaj, the number of companies listed on TASI reached 233,along with19 real estate traded funds.
The company offered 9 million shares, or 30% of its capital, according toArgaamdata. The company allocated 90% of the shares on offer to institutional investors, while the remaining 10% was set aside for retail investors.
The retail IPO was 30.2x covered, with retail requests of nearly SAR 1.4 billion.
Meanwhile, institutional investors’ IPO was 208.4x oversubscribed. A minimum of one shares were allocated to each investor, while the remaining shares will be allocated on a pro-rata basis, with an average allocation factor of 1.5%.
Key background
Entaj began its poultry production business, ARASCO Foods, in 2004 and was officially established in 2011 as a limited liability company with a capital of SAR 50 million. ARASCO owned 99% of the company’s shares upon its inception.
In 2021, ARASCO began transferring the entire poultry business, along with Entaj brand, to the company. The company was transformed into a closed joint-stock company in 2024.
Entaj’s current capital stands at SAR 300 million, divided into 30 million shares with a nominal value of SAR 10 per share.
Its activities include poultry products, egg trays, red meat products, and cold storage facilities.
Company Profile
Company
Entaj
Core Activities
Poultry products, egg trays, red meat products,
Capital
SAR 300 mln
Number of Shares
30 mln
Share Par Value
SAR 10
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
ARASCO
28.53
95.10%
19.53
65.10%
Ocean Line Marine Services Co.*
1.47
4.90%
1.47
4.90%
Public
—
—
9
30%
Total
30.00
100%
30
100%
ARASCO Ownership Structure
Owner
No. of Shares in ARASCO (mln)
Ownership Percentage in ARASCO
Indirect Ownership in Entaj After Offering
Mutlaq Saleh Al Hanaki
23.06
35.47%
24.83%
Abdullah Ibrahim AlKhorayef Sons Co.
12.96
19.93%
13.95%
Mafaz International Development Co.
8.06
12.39%
8.67%
Abdullah Sulaiman Al-Rubaian
5.29
8.13%
5.69%
Al Emar Agricultural Group Co.
4.45
6.84%
4.79%
Sultan Holding Co.
4.20
6.47%
4.53%
Multaqa Holding Co.
3.66
5.64%
3.95%
Abdulrahman Abdulaziz Al-Muhanna
2.19
3.37%
2.36%
Abdulmalik Abdullah Al-Hussaini
0.65
1.00%
0.70%
Sulaiman Mohammed Al-Qahidan
0.20
0.30%
0.21%
ARASCO Capital Share Co.
0.30
0.46%
0.32%
Total
65.00
100%
70.00%
Logo ofArabian Company for Agricultural Industrial Investments (Entaj)
Arabian Company for Agricultural Industrial Investments (Entaj) starts trading on the Main Market (TASI) today, March 17, under the symbol 2287 and ISIN Code SA1690P13NH3, at a price of SAR 50 per share.
The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and a static limit of +/-10%. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.
Entaj is the fourth listing on the Main Market in 2025 after Almoosa Health Co. on Jan. 7, Nice One on Jan. 8 and Derayah Financial on March 10.
In 2024, 13 companies listed onTadawul, besidesAlistithmar AREIC Diversified REIT Fund.
With Entaj, the number of companies listed on TASI reached 233,along with19 real estate traded funds.
The company offered 9 million shares, or 30% of its capital, according toArgaamdata. The company allocated 90% of the shares on offer to institutional investors, while the remaining 10% was set aside for retail investors.
The retail IPO was 30.2x covered, with retail requests of nearly SAR 1.4 billion.
Meanwhile, institutional investors’ IPO was 208.4x oversubscribed. A minimum of one shares were allocated to each investor, while the remaining shares will be allocated on a pro-rata basis, with an average allocation factor of 1.5%.
Key background
Entaj began its poultry production business, ARASCO Foods, in 2004 and was officially established in 2011 as a limited liability company with a capital of SAR 50 million. ARASCO owned 99% of the company’s shares upon its inception.
In 2021, ARASCO began transferring the entire poultry business, along with Entaj brand, to the company. The company was transformed into a closed joint-stock company in 2024.
Entaj’s current capital stands at SAR 300 million, divided into 30 million shares with a nominal value of SAR 10 per share.
Its activities include poultry products, egg trays, red meat products, and cold storage facilities.
Company Profile
Company
Entaj
Core Activities
Poultry products, egg trays, red meat products,
Capital
SAR 300 mln
Number of Shares
30 mln
Share Par Value
SAR 10
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
ARASCO
28.53
95.10%
19.53
65.10%
Ocean Line Marine Services Co.*
1.47
4.90%
1.47
4.90%
Public
—
—
9
30%
Total
30.00
100%
30
100%
ARASCO Ownership Structure
Owner
No. of Shares in ARASCO (mln)
Ownership Percentage in ARASCO
Indirect Ownership in Entaj After Offering
Mutlaq Saleh Al Hanaki
23.06
35.47%
24.83%
Abdullah Ibrahim AlKhorayef Sons Co.
12.96
19.93%
13.95%
Mafaz International Development Co.
8.06
12.39%
8.67%
Abdullah Sulaiman Al-Rubaian
5.29
8.13%
5.69%
Al Emar Agricultural Group Co.
4.45
6.84%
4.79%
Sultan Holding Co.
4.20
6.47%
4.53%
Multaqa Holding Co.
3.66
5.64%
3.95%
Abdulrahman Abdulaziz Al-Muhanna
2.19
3.37%
2.36%
Abdulmalik Abdullah Al-Hussaini
0.65
1.00%
0.70%
Sulaiman Mohammed Al-Qahidan
0.20
0.30%
0.21%
ARASCO Capital Share Co.
0.30
0.46%
0.32%
Total
65.00
100%
70.00%
