‎Naqi Water points prospectus to list 6 mln shares on Tadawul

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Naqi Water Co. issued right now time, June 20, the prospectus for the preliminary public offering of six million shares on the Saudi Alternate (Tadawul).  

The Capital Market Authority (CMA) accredited, on Would possibly perchance merely 25, the utility filed by Naqi Water to float six million shares, representing 30% of its capital, in an preliminary public offering.

The duration for registering requests and e book building duration will flow for five days from July 17-21, 2022.

Subscription duration for retail traders will beginning on July 27, and flow for two days. 

Naqi Water Co. became once established as a closed joint stock company in 2014 in Unayzah, Qassim. The company’s capital in the intervening time stands at SAR 200 million.

In accordance by the Bylaws, the company’s activities consist of the following:


 

1- Transformative manufacturing;

2- Transportation and storage;

3- Wholesale and retail trade; restore of motorized autos and motorcycles;

4- Alternate

5- Manufacturing, mining and recycling (manufacturing of drinks).



In accordance with the principle and division industrial registrations, the company’s activities consist of the following:


 

1- Production and bottling of pure filtered water;

2- Wholesale of all kinds of bottled water;

3- Wholesale of soppy drinks and juices; and

4- Retail sale of drinks in specialized shops.



The Firm’s core activities consist of the following key industry segments: Water wholesale phase, and water retail phase.


 

In 2020, the company increased its capital from SAR 85.3 million to SAR 150 million, by capitalizing SAR 64.7 million from retained earnings and statutory reserve.

It additionally increased its capital in 2021 from SAR 150 million to SAR 170 million, by capitalizing SAR 20 million from retained earnings and reserve. Throughout the an identical 365 days, the company increased its capital from SAR 170 million to SAR 200 million, by capitalizing SAR 30 million from retained earnings.

Taking fragment Parties:  This tranche contains the events entitled to take part in the e book building job as specified below the e book building instructions. The replacement of shares that can be distributed first and critical is six million, representing 100% of the entire IPO. Final allocation of the supply shares will seemingly be made after the slay of the subscription duration for individual traders. The lead managers will seemingly be pleased the aloof to reduce the replacement of shares distributed to collaborating events to 5.4 million shares, representing 90% of the entire supply shares. 

Particular particular person traders: This tranche contains Saudi Arabian pure folk, besides any non-Saudi pure particular person that is resident in the Kingdom or any GCC pure folk, equipped they be pleased got a checking tale with definitely one of many receiving entities and are allowed to beginning an investment tale. The replacement of shares equipped for retail traders amounts to 600,000 shares most, or 10% of entire equipped shares.


 

Firm Profile

Firm

Naqi Water Co.

Market

Major market

Core Actions

Production and bottling of pure filtered water

Capital 

SAR 200 mln

Quantity of Shares

20 mln shares

IPO Summary

Area Percentage

30%

Quantity Of Shares Supplied

6 mln shares

Certified Subscribers

– Taking fragment categories that encompass investment funds, QFIs, ethical entities and GCC traders.

– Retail traders

IPO Minimal Limit for Retail Merchants

10 shares

Minimal Size for Institutional Merchants

100,000 shares

IPO Maximum Size for Retail Merchants

250,000 shares

Maximum Size for Institutional Merchants

999,999 shares, and with appreciate to public funds splendid

equipped it does now not exceed possibly the most restrict for each and every collaborating fund, which is sure as per e book building instructions.

Registering Requests Period

Book Building Period

From July 17 to July 21, 2022

Retail Subscription Period

From July 27 to July 28, 2022

Final Allocation

Aug. 3, 2022

Surplus Refunds

Aug. 4, 2022

Particular Files

Financial Consultant, Lead Supervisor, Underwriter and Bookrunner

AlJazira Capital

Receiving Banks

Financial institution AlJazira – Al Rajhi Financial institution

Firm’s Major Shareholders

Shareholders

Before IPO

Post-IPO

Quantity of Shares

(mln shares)

Possession%

Quantity of Shares

(mln shares)

Possession%

Amin Abdullah Ali Almallah

10.00

50%

7.00

35%

Alsad Popular Evolved Co.

10.00

50%

7.00

35%

Public

6.00

30%

Total

20.00

100.00%

20.00

100.00%