Announcement of Naqi Water Company’s intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange
| Element List | Explanation |
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| Announcement Detail | AlJazira Capital acting as Financial Advisor, Lead Manager, Bookrunner and Underwriter on the potential initial public offering of Naqi Water Company (“Naqi” or the "Company") announces the Company’s intention to proceed with the initial public offering and listing of its ordinary shares (“IPO”) on the Main Market of the Saudi Exchange, where IPO is expected to comprise of a sale of existing shares and result in a free float of 6,000,000 ordinary shares representing 30% of the Company’s shares.
The Saudi Exchange approved the Company’s application for the listing of its shares on the Main Market on 14 February 2022G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 6,000,000 ordinary shares (representing 30% of the Company’s share capital) on 25 May 2022G. The price at which all subscribers in the offering will purchase the shares will be determined after the book-building period.
For more information, please visit the Capital Market Authority website (www.cma.org.sa) and Naqi’s website (www.naqiwater.com) where the Offering Prospectus will be published. |
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