‎Alamar Meals will get CMA nod to sell 41.70% stake in IPO


Mark of Alamar Meals Co.

Saudi Arabia’s Capital Market Authority (CMA) licensed, this day, June 7, the applying filed by Alamar Meals Co. to circulate 10.63 million shares, representing 41.7% of its capital, in an preliminary public providing (IPO).

The firm’s prospectus could be published within ample time ahead of the delivery of the subscription length, the market regulator said in a assertion.

The application approval could be legitimate for six months from the CMA board decision date. Accordingly, this approval could be deemed cancelled if the goal listing is no longer done within this length, the CMA added.

Headquartered in Saudi Arabia, Alamar is a master franchise operator for Domino’s Pizza in the MENA set and Pakistan. The Carlyle Physique of workers owns 42% of Alamar’s shares.

On March 2, 2022, Alamar launched renewing its distinctive franchise agreement with Domino’s Pizza, which owns 455 restaurants in the MENA set and Pakistan and has a franchise of Dunkin’ Donuts in North Africa.

The Carlyle Physique of workers obtained 42% of Alamar in 2011 from Al Jammaz family of Saudi Arabia.

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