Logo ofNational Agricultural Development Co. (NADEC)
National Agricultural Development Co. (NADEC) expects a positive financial impact of nearly SAR 103 million from offering a 4.46% of its shares in Arabian Mills for Food Products Co. to the public, after offering and listing costs. 
The financial impact will likely appear in the fourth quarter of 2024, NADEC said in a statement to Tadawul, adding that any relevant updates will be duly announced.
Arabian Mills shares made a debut on the Main Market on Oct. 8, Argaam reported.
The milling company floated 15.39 million shares, or 30% of its share capital, on the Saudi Exchange (Tadawul) at SAR 66 each.
NADEC’s ownership in Arabian Mills post-IPO is 10.41%, compared to 14.87% before the offering.
Logo ofNational Agricultural Development Co. (NADEC)
National Agricultural Development Co. (NADEC) expects a positive financial impact of nearly SAR 103 million from offering a 4.46% of its shares in Arabian Mills for Food Products Co. to the public, after offering and listing costs.
The financial impact will likely appear in the fourth quarter of 2024, NADEC said in a statement to Tadawul, adding that any relevant updates will be duly announced.
Arabian Mills shares made a debut on the Main Market on Oct. 8, Argaam reported.
The milling company floated 15.39 million shares, or 30% of its share capital, on the Saudi Exchange (Tadawul) at SAR 66 each.
NADEC’s ownership in Arabian Mills post-IPO is 10.41%, compared to 14.87% before the offering.
