Logo of Naqi Water Co.
AlJazira Capital, as the financial advisor, bookrunner, lead manager, and underwriter on the initial public offering (IPO) of Naqi Water Co., announced the successful completion of the book-building process for the participating parties’ tranche.
According to a bourse filing, the final offer price was set at SAR 69 per share with a coverage ratio of 30.3 times of the total offer shares.
The two-day retail investors’ subscription period will take place on July 27 and July 28.
According to data compiled by Argaam, the company offered six million ordinary shares, representing 30% of its capital, on the Saudi Exchange (Tadawul).
Naqi allocated 90% of the offer shares for participating categories, while the remaining 10% will be allocated for retail investors.
Naqi is the Kingdom’s first bottled water production company to go public on the main market.
AlJazira Capital is a capital market institution company licensed by the Capital Market Authority (CMA) (License No. 37-07076) to conduct securities trading activities.
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