RIYADH, SAUDI ARABIA — Arabian Mills for Food Products Co. listed its shares on the main market of the Saudi Exchange and is trading under the ticker symbol 2285.

The initial public offering comprised of 15,394,502 ordinary shares, representing 30% of the company’s issued share capital.

The final offer price was set at SAR 66 per share ($17.58), at the top end of the company’s price range, implying a market capitalization of SAR 3,387 million ($903 million) at listing.

Ninety percent of the offer shares were allotted to institutional investors and 10% to individual investors.

“Today marks a historic milestone for Arabian Mills as we begin our journey as a publicly traded company on the Saudi Exchange,” said Ajlan Abdulaziz Alajlan, chairman of Arabian Mills. “This achievement reflects our commitment to excellence, innovation, and our role in advancing the country’s wheat flour industry in-line with the Kingdom’s Vision 2030. With this listing, we are positioned to further strengthen our contributions to the economy, drive sustainable growth, and create long-term value for our shareholders, employees, and communities. We are excited about the opportunities this listing brings as we look to expand our production sites, open new distribution centers and continue to invest in our brands to meet the needs of our customers.”

Arabian Mills, operating in Saudi Arabia, produces, distributes and sells wheat flour and derivative products, animal feed and bran to customers across the country.

It is one of the market-leading milling companies in the Gulf Cooperation Council (GCC), with the largest daily flour production capacity in Saudi Arabia.