The indicative share price of SAR5 and SAR5.30 per share implies a market valuation of around SAR 2.8bn ($763.2m)
The company has a robust presence in the Saudi flour market, and it is known for its premium FOOM brand, which holds the largest market share
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy