Riyadh-based Sahat Almajd Company Trading is taking a 12.5% stake — good for up to 4.4 mn new shares — to Tadawul’s parallel market Nomu, according to its prospectus (pdf). The issuance — equivalent to 11.1% of post-IPO capital — secured the Capital Market Authority’s approval in June.

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Where’s the money going? Sahat Almajd will allocate 100% of the proceeds for growth plans financing, along with widening its operational assets by an estimated SAR 50 mn. The company will build a SAR 43 mn manufacturing facility leased from Modon, while the remaining SAR 7 mn will go to the renewal of industrial and machinery equipment for existing facilities.

Subscription timeline: Qualified investors can subscribe for a minimum of 100 shares and a maximum of 1.97 mn shares over a five-day subscription window from 19 to 23 October. The final allocation of shares is set for 28 October, while the surplus will be refunded on 30 October.

A glance at the finances: Sahat Almajd’s net income climbed 98% y-o-y to SAR 20.1 mn during the FY ending on 31 December 2024, while witnessing a 26.6% y-o-y jump to SAR 166 mn in revenues over the same period.

About the company: Established in 2005, Sahat Almajd Trading company runs multiple brands such as Susam, hanoverian, Jadeel, and Spark Soft Drink — in different sectors like the production and selling of chocolate, bakeries, and coffee.

ADVISORS- The company tapped Value Capital as the sole financial advisor and lead manager of the transaction. Receiving agents include Alinma Capital, BSF Capital, AlRajhi Capital, Albilad Capital, Riyad Capital, SNB Capital, AlJazira Capital, Alistithmar Capital, SAB Invest, Yaqeen Capital, Alkhabeer Capital, GIB Capital, ANB Capital, Derayah Financial, Sahm Capital, Musharaka Capital, EFG Hermes, and Awaed Alosool Capital.

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