SAMA Water to debut on Nomu today

21/10/2024 Argaam Special
Logo of SAMA Healthy Water Factory Co.

Logo of SAMA Healthy Water Factory Co.


Shares of SAMA Healthy Water Factory Co. will start trading on the Nomu-Parallel Market today, Oct. 21, with the symbol 9612 and ISIN Code SA165014M618, at SAR 2.7 apiece, according to the Saudi Exchange (Tadawul).
 

For More IPOs

 

The stock will trade with ±30% and ±10% daily and static price fluctuation limits, respectively.

 

The company floated 10 million shares to qualified investors, representing 20% of its capital with a nominal value of SAR 1 each. The coverage ratio reached 239.3%.

 

This is the 20th listing on Nomu in 2024, including three direct listings and 17 offerings to qualified investors.

 

Nomu witnessed IPOs of 35 companies last year, divided into six direct listings, 29 offerings to qualified investors, and one REIT.

 

This listing brings the total number of companies on Nomu to 98, in addition to Alwaha REIT Fund.

 

Company Profile

 

SAMA Water was established in Jazan in 2008 as a branch of a sole proprietorship and then transformed into a limited liability company. It transformed into a closed-shareholding company in 2021.

 

The company's current actual activity is the production and manufacturing of drinking water and ice cubes.

 

According to the company's commercial register, its activities include the production and bottling of mineral water on-site. As outlined in its articles of association, the company practices the following activities: manufacturing industries, wholesale and retail trade, motor vehicle and motorcycle repair, as well as transport and storage.

 

Company Profile 

Company 

SAMA Healthy Water Factory Co. 

Market 

Nomu-Parallel Market 

Core Activities 

Production and packaging of mineral water

Capital 

SAR 50 mln

Number of Shares 

50 mln

Par Value 

SAR 1 per share

 

Company Shareholders

Shareholders

Pre-IPO

Post-IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Abdullah Siddiq Ali Tubaiqi

40

80%

32

64%

Ziad Abdullah Siddiq Tubaiqi

10

20%

8

16%

Public (Qualified Investors)

--

--

10

20%

Total

50

100%

50

100%

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