Al-Jouf Mineral Water debuts on Nomu today

02/03/2022 Argaam Special

Logo of Al-Jouf Mineral Water Bottling Co. 


Al-Jouf Mineral Water Bottling Co. begins trading on Nomu Parallel Market today, March 2, with the symbol 9532 and ISIN Code SA15H0HKKU17, according to a bourse filing.

 

The stock will have a ±30% daily price fluctuation limit and ±10% static price fluctuation limit.

 

The company floated 625,000 shares to qualified investors, representing 20% of its capital after issue, at SAR 35 a share. The offering was 51.56x subscribed, according to data compiled by Argaam.

 

Al-Jouf Mineral Water’s current capital stands at SAR 25 million, and will increase to SAR 31.25 million, post the IPO.

 

Established in 1983, Al-Jouf Mineral Water is engaged in water treatment and production of water bottles of various sizes through its factory in Dawmat Al-Jandal, Al-Jouf.

 

Company Profile

Company

Al-Jouf Mineral Water Bottling Co.

Market

Nomu Parallel Market

Core Activities

Production and packaging of mineral water

Capital after IPO

SAR 31.25 mln

 

Company’s Shareholders

Shareholders

Pre-Offering

Post-Offering

No. of Shares

(‘000)

Stake (%)

No. of Shares

(‘000)

Stake (%)

Development Works Ltd.

464.90

18.60 %

464.90

14.88 %

Saad S. A. Hudaib

483.32

19.33 %

483.32

15.47 %

Ashri Saad M. Al Ashri

155.82

6.23 %

155.82

4.99 %

Remaining Shareholders

1395.96

55.84 %

1395.96

44.67 %

Public

--

--

625.00

20.00 %

Total

2500.00

100 %

3125.00

100 %

 

For more IPOs

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