CMA approves Sama Water’s 20% IPO on Nomu

Logo of SAMA Healthy Water Co.

The Capital Market Authority (CMA) approved today, June 5, Sama Water Co.’s application to register and offer 10 million shares, representing 20% of its share capital, on Nomu-Parallel Market.

The offering will be confined to qualified investors and the prospectus will be published within the stipulated period prior to the offering, the market regulator said in a statement.

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The approval is valid for six months. It shall be deemed cancelled if the offering and listing are not finalized within this period.

Established in 2008, Sama Water operates in water bottling and marketing in Saudi Arabia, with a production capacity of up to 120 million bottles per month.