Al-Jouf Mineral Water debuts on Nomu today

02/03/2022 Argaam Special
Logo ofAl-Jouf Mineral Water Bottling Co.

Logo of Al-Jouf Mineral Water Bottling Co. 


Al-Jouf Mineral Water Bottling Co. begins trading on Nomu Parallel Market today, March 2, with the symbol 9532 and ISIN Code SA15H0HKKU17, according to a bourse filing.

 

The stock will have a ±30% daily price fluctuation limit and ±10% static price fluctuation limit.

 

The company floated 625,000 shares to qualified investors, representing 20% of its capital after issue, at SAR 35 a share. The offering was 51.56x subscribed, according to data compiled by Argaam.

 

Al-Jouf Mineral Water’s current capital stands at SAR 25 million, and will increase to SAR 31.25 million, post the IPO.

 

Established in 1983, Al-Jouf Mineral Water is engaged in water treatment and production of water bottles of various sizes through its factory in Dawmat Al-Jandal, Al-Jouf.

 

Company Profile

Company

Al-Jouf Mineral Water Bottling Co.

Market

Nomu Parallel Market

Core Activities

Production and packaging of mineral water

Capital after IPO

SAR 31.25 mln

 

Company’s Shareholders

Shareholders

Pre-Offering

Post-Offering

No. of Shares

(‘000)

Stake (%)

No. of Shares

(‘000)

Stake (%)

Development Works Ltd.

464.90

18.60 %

464.90

14.88 %

Saad S. A. Hudaib

483.32

19.33 %

483.32

15.47 %

Ashri Saad M. Al Ashri

155.82

6.23 %

155.82

4.99 %

Remaining Shareholders

1395.96

55.84 %

1395.96

44.67 %

Public

--

--

625.00

20.00 %

Total

2500.00

100 %

3125.00

100 %

 

For more IPOs

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.