Saudi Tabuk's subsidiary mulls Nomu listing

Horizon Foods hires Wasatah Capital as financial advisor

  
Image used for illustrative purpose. An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

Image used for illustrative purpose. An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

REUTERS/Ahmed Yosri

Saudi Arabia's Tabuk Agricultural Development Co. (TADCO) said one of its subsidiaries, Horizon Foods, has appointed Wasatah Capital as a financial advisor for a potential listing on the Kingdom’s Nomu, Riyadh’s parallel market.

TADCO owns 50 percent of capital in Horizon, which is engaged in the production and processing of meat, the company said in a statement on Tadawul Monday.

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@refinitiv.com

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