Naf Seeks $8.1M from IPO
Deal News | Jun 17, 2025 | Zawya
Naf Company for Feed for Industry (Naf), a Saudi Arabian animal fodder producer, plans to raise SAR 30.4 million ($8.1 million) through an initial public offering (IPO) on the Saudi Stock Exchange's Parallel Market, Nomu. The company plans to offer 400,000 shares at a price of SAR 76 each, representing a 20% stake in the company, to qualified investors. The IPO will be open for five days from June 22, 2025, to June 26, 2025, with a minimum subscription of 10 shares and a maximum of 90,000 shares per investor. TeamOne Company has been appointed as the financial advisor for this offering.
Sectors
- Agriculture
- Financial Services
Geography
- Saudi Arabia – Naf is a Saudi Arabian company, and the IPO is taking place on the Saudi Stock Exchange, indicating significant geographic relevance.
Industry
- Agriculture – Naf is involved in the manufacturing and sale of feed products for livestock and poultry, a segment of the agriculture industry.
- Financial Services – The event involves an IPO, a financial transaction facilitated by the stock market and financial advisory services.
Financials
- $8.1 million – The total amount Naf aims to raise from its initial public offering.
- SAR 76 per share – The price set by Naf for each share in the IPO.
- 400,000 shares – The number of ordinary shares being offered, which constitute a 20% stake in Naf.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Naf Company for Feed for Industry | Target | Company | A Saudi Arabian company engaged in the production of animal feed products, currently aiming to raise funds via an IPO. |
| TeamOne Company | Financial Advisor | Company | Advising Naf Company on its initial public offering on the Saudi Stock Exchange. |