Berain Water plans 30% IPO in Saudi Arabia, appoints Samba Cap as lead manager: report

04/06/2021 Argaam

Logo of Berain Water Co

Riyadh-based Berain Water Co. hired Samba Capital to manage a possible initial public offering (IPO) of a 30% stake in the Saudi market, Bloomberg reported, citing unnamed sources with knowledge of the matter.

 

No final decision has yet been taken in this regard, the sources added.

 

Berain Water is owned by Global Beverages Co., a subsidiary of Rajhi Invest.

 

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