Riyadh, Kingdom of Saudi Arabia:  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 individual investor offering period and the final allotment of the offered shares in relation to the Company’s initial public offering (the “IPO” or “Offering”).

Following the successful completion of the institutional book-building period, which set the Final Offer Price at SAR 50 per share (the “Final Offer Price”) and resulted in an oversubscription of 208.4 times of the total offered shares, the individual investors offering took place from 26 February to 27 February 2025G. The number of shares that were allocated to the Individual Investors tranche was 900,000 Offer Shares, representing 10% of the total Offer Shares. The offering saw 499,021 individual investors place orders totaling SAR 1.4 billion, reflecting a subscription coverage of 30.2 times for this tranche.

The Company allocated a minimum of 1 share to each individual investor, with the remaining shares allocated on a pro-rata basis, based on the size of demand, with an average allocation factor of 1.5%.

Based on the results of the retail subscription process, the shares allocated to Participating Parties will be reduced to 8,100,000 shares, representing 90% of the total Offer Shares.

Offer Details

  • The Final Offer Price for the Offering has been set at SAR 50 per share, implying a market capitalization of SAR 1.5 billion (approximately more than USD 400 million) at listing.
  • Following the listing, the Company is expected to have a free float of 30% (9,000,000) of its total Shares (30,000,000).
  • The Company’s 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.

For more information on the Offering, visit https://ipo.entaj.com/