Naqi Water starts IPO book-building process today, sets price range of SAR 65-69/share

Logo of Naqi Water Co.

AlJazira Capital, the financial advisor, bookrunner, lead manager, and underwriter on the potential initial public offering (IPO) of Naqi Water Co., said that the price range for the offering was set between SAR 65 and 69 per share. 

The participating entities’ subscription period starts today, July 17 until July 21.

The offering comprises six million ordinary shares, representing 30% of the company’s issued share capital, according to data compiled by Argaam.

The two-day retail Investors’ subscription period will begin on July 27. 

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