Riyadh – Mubasher: Horizon Foods Limited Company, a 50%-owned subsidiary by Tabuk Agricultural Development Company (TADCO), has appointed Wasatah Capital to be the financial advisor for listing its shares, according to a bourse filing on Monday.

Horizon Foods plans to offer its shares on the Saudi Exchange’s (Tadawul) parallel market Nomu.

TADCO aims to urge its subsidiaries to list on Tadawul in a bid to reflect positively on the shareholders’ equity and the company’s financial position.

It is worth noting that the listed firm succeeded to reduce its losses during the first quarter of 2021 to SAR 1.34 million.