Retail investors start today, July 27, subscription to 600,000 shares of Naqi Water Co. at SAR 69 per share. The price was determined through the book-building process.
The retail subscription period will run from July 27-28.
Naqi offered six million shares in an initial public offering (IPO), representing 30% of its SAR 200 million capital. The bottled water company allocated 90% of the offering shares to participating categories, with the remaining 10% to retail investors.
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IPO Key Dates |
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July 27-28 |
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End of retail investors’ IPO |
July 28 |
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Final allocation |
Aug. 3 |
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Surplus refund (if any) |
Aug. 4 |
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Expected date for start of shares trading |
Upon fulfilling all requirements and related regulatory procedures |
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