Arabian Company for Agricultural and Industrial Investment Announces Final Offer Price of Its Initial Public Offering

Riyadh, Kingdom of Saudi Arabia – 19 February 2025G:  Arabian Company for Agricultural and Industrial Investment (the “Company” or “Entaj”), one of the leading poultry brands in the Kingdom of Saudi Arabia (the “Kingdom”), announces the successful completion of the book-building process for institutional investors (“Participating Parties”) and the final offer price (the “Final Offer Price”) for the Company’s initial public offering (the “IPO” or “Offering”).

The Final Offer Price for the Offering has been set at SAR 50 per share, which is at the top end of the previously announced price range for the IPO, implying a market capitalization of SAR 1.5 billion (approximately USD 400 million) at listing. The books were covered within hours of opening and the orders recorded during the institutional book-building exceeded SAR 93 billion (approximately more than USD 25 billion), representing a coverage of 208.4 times.

The subscription period for individual investors will commence on Wednesday, 26 February 2025G (corresponding to 27/08/1446H), and ends at 2:00pm KSA time on Thursday, 27 February 2025G (corresponding to 28/08/1446H).

Offer Details

• The Final Offer Price for the Offering has been set at SAR 50 per share, with an implied a market capitalization of SAR 1.5 billion (approximately USD 400 million) at listing.
• The Offering consist of 9,000,000 ordinary shares (the “Offer Shares”), representing 30% of the Company’s total issued share capital, by way of a sale of existing shares by the Selling Shareholder.
• 100% of the Offer Shares have been provisionally allocated to the Participating Parties that took part in the institutional book building process. In the event of sufficient demand from retail investors, the Financial Advisor, in coordination with the Company, shall have the right to reduce the number of Offer Shares allocated to Participating Entities to a minimum of eight million, one hundred thousand (8,100,000) ordinary Shares, representing 90% of the Offer Shares.
• The Offer Shares will be listed and traded on the Saudi Exchange’s Main Market following the completion of the Offering and listing formalities with both the CMA and the Saudi Exchange.
• The Company appointed SNB Capital (“SNB Capital”) as the lead manager (“Lead Manager”), financial advisor ('Financial Advisor'), bookrunner (the 'Bookrunner'), and underwriter (the 'Underwriter').
• SNB Capital, SAB Invest, Al Rajhi Capital, Saudi Fransi Capital Company, Alinma Capital Company, Riyad Capital Company, AlJazira Capital Company, Alistithmar for Financial Securities and Brokerage Company , AlBilad Capital Company, ANB Capital Company, Derayah Financial Company, Yaqeen Capital Company, Alkhabeer Capital Company, GIB Capital Company, and Sahm Capital Financial Company to act as receiving agents (collectively, the “Receiving Agents”) for retail investors.