Al-Jouf Mineral Water issues prospectus for sale of 625,000 shares on Nomu

Logo of Al-Jouf Mineral Water Bottling Co.

Al-Jouf Mineral Water Bottling Co. issued the prospectus for its share sale on the Nomu - Parallel Market.

The company plans to offer 625,000 shares, representing 20% of its capital after issue (or 25% of capital before the increase) to qualified investors.

In December, the company obtained the Capital Market Authority’s (CMA) approval on the offering.

Al-Jouf Mineral Water’s current capital stands at SAR 25 million, which will become SAR 31.25 million, divided into 3.125 million shares, post the IPO.

The offering will be confined to qualified investors, as per the securities offer and continuing obligations rules.

Qualified investors include the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in the GCC countries; investment funds and the natural persons allowed to open investment accounts in the Kingdom and with Edaa.

Those investors are required to have executed deals in securities markets, with a total value of not less than SAR 40 million and not less than 10 deals in each quarter during the past 12 months; have a net asset value of no less than SAR 5 million; have been working or have for at least three years in the financial sector; hold a general certificate in securities dealing that is approved by CMA; and hold a professional certificate in the field of securities business, approved by an internationally recognized body.

Qualified investors include any other persons to be determined by the CMA.

Al-Jouf Mineral Water Bottling is active in water treatment and production of water bottles of various sizes through its factory in Dawmat Al-Jandal, Al-Jouf.

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