Al-Jouf Mineral Water sets IPO price at SAR 35/share

13/02/2022 Argaam
Logo ofAl-Jouf Mineral Water Bottling Co.

Logo of Al-Jouf Mineral Water Bottling Co.

Yaqeen Capital, the financial advisor and lead manager for the potential initial public offering (IPO) of Al-Jouf Mineral Water Bottling Co. on Nomu Parallel Market, announced that the offering was completed, with a coverage ratio of 51.56x, according to a bourse statement.

 

The IPO price was set at SAR 35 per share, the statement added.

 

The company offered 625,000 ordinary shares, representing 20% its share capital from Feb. 6 until Feb. 10.

 

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and then determine the listing date on Nomu.

 

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