SAMA Water to debut on Nomu today

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The stock will trade with ±30% and ±10% daily and static price fluctuation limits, respectively.

The company floated 10 million shares to qualified investors, representing 20% of its capital with a nominal value of SAR 1 each. The coverage ratio reached 239.3%.

This is the 20th listing on Nomu in 2024, including three direct listings and 17 offerings to qualified investors.

Nomu witnessed IPOs of 35 companies last year, divided into six direct listings, 29 offerings to qualified investors, and one REIT.

This listing brings the total number of companies on Nomu to 98, in addition to Alwaha REIT Fund.

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 manufacturing of drinking water and ice cubes.

According to the company's commercial register, its activities include the production and bottling of mineral water on-site. As outlined in its articles of association, the company practices the following activities: manufacturing industries, wholesale and retail trade, motor vehicle and motorcycle repair, as well as transport and storage.