Berain secures CMA nod to float 66M shares on TASI

21/04/2026 Argaam
Logo ofBerain Water Co.

Logo of Berain Water Co.

The Capital Market Authority (CMA) approved today, April 21, the application submitted by Berain Water Co. to float 66 million shares, or 30% of its capital (120 million shares), on the Main Market (TASI).

 

The company will issue the offering prospectus within sufficient time ahead of the initial public offering (IPO), the market regulator said in a statement.

 

The CMA’s approval is valid for six months as of today. It will be cancelled if the offering and listing of the shares are not completed within this period.

 

Berain Water is a Saudi bottled water manufacturer. It is owned by Mohammed Abdulaziz AlRajhi & Sons Investment Co. (Rajhi Invest).

 

In March 2025, GOSI-owned Hassana Investment Co. completed the acquisition of a 40% stake in Berain Water.

 

The company operates three production facilities in Riyadh and Jeddah. It also runs 24 sales outlets across the Kingdom.

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