FALCOM says Al-Jouf Mineral Water plans Nomu listing

10/01/2022 Argaam

Logo of Al-Jouf Mineral Water Bottling Co.

Al-Jouf Mineral Water Bottling Co. (Hilwa) intends to offer and list 625,000 ordinary shares, representing 20% of its capital, on Parallel Market (Nomu), FALCOM Financial Services Co., the financial advisor and lead manager on the potential offering, announced in a statement to the Saudi Exchange (Tadawul).

 

Tadawul approved Hliwa’s application to list of its shares on Nomu on Oct. 31, 2021, while the Capital Market Authority (CMA) approved the application on Dec. 1.

 

The offering price will be determined after the book-building period, the financial advisor said in a bourse filing. The offering period will run from Feb. 6-10.

 

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