Naqi Water sets final offer price at SR69/share

Al-Jazira Capital Markets Company, in its capacity as the financial advisor, bookrunner, underwriter, and underwriter in the initial public offering (“Offering”) of Naqi Water Company, announced the successful completion of the process of book building for the categories participating in the company’s shares, and setting the final offer price at (69) riyals per share. One with a coverage ratio of 30.3 times of the total shares offered.

With the successful completion of the order book building process for the participating categories segment, the individual subscription phase will start on Wednesday 27/07/2022G and will continue until Thursday 28/07/2022G, when (600,000) ordinary shares representing (10%) of the shares were allocated. Maximum total shares offered for public subscription to individual subscribers.