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Saudi water bottling firm Hilwa to list 20% of shares on Nomu

Saudi water bottling firm Hilwa to list 20% of shares on Nomu
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Riyadh – Mubasher: Al Jouf Mineral Water Bottling Company (Hilwa) plans to list 625,000 shares, representing 20% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul), Falcom Financial Services Company announced in a bourse filing.

Last October, Tadawul approved for Hilwa to offer and list its shares on the Saudi stock market. This decision was followed by the Capital Market Authority’s (CMA) nod on 1 December 2021.

The shares’ subscription price will be determined after the book-building period.

Falcom, acting as the offering’s financial advisor and lead manager, said the offering period will take place during 6-10 February.