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.
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Company Profile |
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Company |
Al-Jouf Mineral Water Bottling Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Production and packaging of mineral water |
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Capital after IPO |
SAR 31.25 mln |
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Company’s Shareholders |
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Shareholders |
Pre-Offering |
Post-Offering |
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No. of Shares (‘000) |
Stake (%) |
No. of Shares (‘000) |
Stake (%) |
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Development Works Ltd. |
464.90 |
18.60 % |
464.90 |
14.88 % |
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Saad S. A. Hudaib |
483.32 |
19.33 % |
483.32 |
15.47 % |
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Ashri Saad M. Al Ashri |
155.82 |
6.23 % |
155.82 |
4.99 % |
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Remaining Shareholders |
1395.96 |
55.84 % |
1395.96 |
44.67 % |
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Public |
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625.00 |
20.00 % |
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Total |
2500.00 |
100 % |
3125.00 |
100 % |
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