Qualified investors start subscription to SAMA Water’s 10M shares today on Nomu

Logo of SAMA Healthy Water Factory Co.

Qualified investors start today, Oct. 2, subscription to 10 million shares of SAMA Healthy Water Factory Co. on the Nomu-Parallel Market.

The offering’s range has been set at SAR 2.5 and SAR 2.7 apiece.

The offered shares represent 20% of post-IPO capital, amounting to SAR 50 million (divided into 50 million shares).

For More IPOs

Subscriptions by qualified investors will run for five business days until Oct. 8.

This is the 17th IPO on Nomu this year, as the offering of Al-Hokail Academy Specialized Digital Polyclinics Co. was cancelled and Kinan International for Real Estate Development Co. was delayed.

The Capital Market Authority (CMA) approved, in June 2024, the company’s request to float its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts as well as clients of capital market institutions authorized to carry out management operations.

This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. 

The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.

Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.

They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Company Profile

Sama Water was established in Jazan in 2008 as a branch of a sole proprietorship and then transformed into a limited liability company. It transformed into a closed-shareholding company in 2021.

The company's current actual activity is the production and manufacture of drinking water and ice cubes.

The company's activities, as stated in its commercial register, are the production and bottling of mineral water on site. The company's activities, as stated in its articles of association, are to practice and implement the following purposes: Manufacturing industries, wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage.