Today.. the listing and start of trading in Fourth Mills shares.. the 11th listing in TASI in 2024

Fourth Mills Company logo

Today, Tuesday, October 29, 2024, witnesses the listing and start of trading in the company’s shares Fourth mills On the main market with the trading code 2286 and the international code SA16502H3N15 At a price of 5.30 riyals per share.

The daily price fluctuation limits will be +/- 30%, with fixed price fluctuation limits of +/- 10 applied.%During the first three days of listing, and starting from the fourth day of trading, the fluctuation limits will be reset Daily price increases to -/+ 10%, and the fixed limits on price fluctuation are eliminated.

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With the listing of the Fourth Mills Company today, the number of companies listed on the main market TASI has reached 11 companies since the beginning of the current year 2024.

It was last year It witnessed the listing of 7 companieswhich is a company Resources for manpowerInc Jamjoom Pharmaceutical FactoryInc Flexible MurabahaInc First millsInc Lome for rentInc Addis HoldingsInc He askedadd to insert Alinma REIT Hotel Fund.

With the inclusion of Fourth Mills shares, the number of companies listed on TASI reaches 224 companies, not counting the real estate traded funds, which number 18 funds.

The company had offered 162 million shares for subscription, representing 30% of the company’s capital In the main market, at a price of 5.30 riyals per share, 20% of which was allocated to individual subscribers and 80% to institutions..



Individual coverage was 3.94 times, with a value of 677.1 million riyals, while institutional coverage was about 119 times the total shares offered.

A minimum of 10 shares have been allocated to each individual subscriber included in the subscription application, while the remaining shares will be allocated on a proportional basis based on the size of each subscriber’s request to the total remaining shares required to be subscribed, with an allocation ratio of 24.1885% on a proportional basis.

Most important company information:

The Fourth Mills Company was established in 2016, and it is a company specialized in manufacturing flour, wheat derivatives, and fodder.

The company began its operations in 1972 as a group of wheat mills affiliated with the General Authority for Food Security (formerly the General Grain Organization).

The National Center for Privatization and the General Grains Corporation had announced in 2021 the completion of the sale of the Fourth Mills Company to an alliance that includes a company… Al Othaim Markets Alana International Company and United Feed Industry Company, at a value of 859 million riyals.

The company’s current activity is the production, packaging and sale of flour products, its derivatives, animal feed and animal bran.

The company relies heavily on the trademarks it uses for the success of its business and strengthening its competitive position in the market. The company owns 4 trademarks in the Kingdom that play a major role in its business, which are “Foam,” “Golden Foam,” and “Miller,” and the company’s main symbol is the “Foam” trademark.MC4“.