-
- englishالعربية
SNB Capital Announces Successful Closure of the Basic Foods Fund with a SAR 200 million Investment in Warda Al Mashreq Foods
SNB Capital has announced the successful closure of the private investment fund, SNB Capital Basic Foods Fund. The Shariah-compliant fund is designed to invest in Warda Al Mashreq Foods, one of the Kingdom’s leading food manufacturing companies, to support its readiness for an initial public offering (IPO) on the Saudi Stock.
The company produces a wide range of processed cheese and essential food products and has seen rapid growth in demand. It boasts an outstanding operational track record spanning over 30 years.
Warda Al Mashreq currently operates three factories in Riyadh, the capital of Saudi Arabia, and is in the process of establishing a fourth facility. This expansion positions the company competitively to enhance operational efficiency and increase production capacity, with a focus on export opportunities and regional growth in one of the most dynamic sectors.
Market estimates suggest that the company’s target food sector in the Middle East and Africa will grow from SAR 58.1 billion in 2023 to SAR 67.1 billion by 2028, driven by population growth and changing consumer behavior across the region.
The Basic Foods Fund reflects SNB Capital’s commitment to delivering carefully designed investment solutions that add value to client portfolios. The fund was structured to acquire a stake in a company with a clear expansion strategy and IPO readiness, leveraging SNB Capital’s expertise to transform it from a leading food manufacturer into a nationally listed entity.
Related Video:
SNB Capital Successfully Completes IPO of Al Ramz Real Estate Company
SNB Capital announces the successful completion of the Initial Public Offering (IPO) of Al Ramz Real Estate Company, acting as the Lead Manager, Financial Advisor, Bookrunner, and Underwriter for the transaction.
The IPO comprised 12,8 million ordinary shares, representing 30% of the Company’s share capital post-capital increase, with a final offer price of SAR 70 per share, resulting in a total offering value of SAR 900 million.
Following the institutional book-building process, up to 2,5 million shares (20% of the offering) were allocated to retail investors during the subscription period held from 7 to 9 December 2025.
The individual investor subscription coverage reached 36% of the total shares allocated to individual investors. The institutional tranche recorded demand of SAR 9,964 million, representing an oversubscription of 11.1x.
Al Ramz Real Estate Company’s shares were listed today on the Saudi Exchange Main Market (TASI) under the ticker (4327) and international code (SA16E1323JH6).
The Company maintains a diversified real estate portfolio of more than 8,000 units across 40 projects in six cities. Its listing supports the continued development and institutionalization of the Saudi real estate sector in line with Vision 2030.
SNB Capital Successfully Completes Advisory for Almasar Alshamil Education Company’s SAR 599mn IPO Debut
SNB Capital has successfully completed its advisory services for the Initial Public Offering (IPO) of Almasar Alshamil Education Company, acting as the Lead Manager, Financial Advisor, Underwriter, and Bookrunner for the transaction.
The IPO comprised 30.7 milllion ordinary shares, representing 30% of the company’s share capital with a final offer price of SAR 19.5 per share, resulting in a total offering value of SAR 599 million.
Following the completion of institutional book-building, 9.2 million shares, representing 30% of the offering, were made available to retail investors. A total of 95,679 individual subscribers participated in the retail tranche, generating orders worth SAR 218.2 million and achieving a coverage ratio of approximately 1.21 times.
Almasar Alshamil Education Company’s shares were listed today on the Saudi Exchange's Main Market (TASI) under the ticker symbol (6019) and international code (SA56DG9IU1H8).
The offering contributes to the continued development of the Kingdom’s education sector, supporting Vision 2030 objectives to enhance quality, accessibility, and private-sector participation.
