{"id":90500,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/sama-waters-nomu-ipo-closes-240-3x-oversubscribed\/"},"modified":"2024-10-14T00:00:00","modified_gmt":"2024-10-14T00:00:00","slug":"sama-waters-nomu-ipo-closes-240-3x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/sama-waters-nomu-ipo-closes-240-3x-oversubscribed\/","title":{"rendered":"Sama Water\u2019s Nomu IPO closes 240.3x oversubscribed"},"content":{"rendered":"

Jazan-based Sama Water<\/strong> priced its IPO of a 20% stake<\/strong> on Nomu at the top<\/strong> of its indicative price range at SAR 2.7 per share <\/strong>after its offering was 239.3x oversubscribed, according to a filing to Tadawul<\/a> from the offering\u2019s financial advisor and lead manager Yaqeen Capital. The pricing will see Sama raise SAR 27 mn in proceeds and will give the firm a market cap of SAR 135 mn at listing, according to Enterprise calculations.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

BACKGROUND- <\/strong>The company is selling a 20% stake<\/a>, or 10 mn ordinary shares, with its two substantial shareholders \u2014 \u0650\u0650Abd Allah Tebeqi and Ziad Tebeqi \u2014 selling down their positions to a combined 80% stake. The two shareholders will pocket the proceeds after some SAR 2.4 mn are used to cover IPO-related expenses. Their shares will be locked up for 12 months beginning with the first day of trading.<\/p>\n

What\u2019s next:<\/strong> Excess funds will be refunded by tomorrow, with the first day of trading pending regulatory approval.<\/p>\n

ADVISORS- <\/strong>Yaqeen Capital is serving as the financial advisor and lead manager, while Moore is the auditor. Al Rajhi Capital, Riyad Capital, Alinma Investment, AlJazira Capital, SAB Invest, Derayah Financial, BSF Capital, SNB Capital, Alistithmar Capital, Albilad Capital, ANB Capital, and Alkhabeer Capital are receiving agents. <\/p>\n","protected":false},"excerpt":{"rendered":"

Excess funds will be refunded tomorrow<\/p>\n","protected":false},"author":1,"featured_media":90501,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,29,369,3086],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","tag-sama-water","wpautop","entry"],"acf":{"mongo_id":"442f0150-681f-4153-a4fa-074c38728bee","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/987.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sama Water wraps up Nomu IPO offering 240.3x subscribed","related_issue":[90485],"teaser":"Excess funds will be refunded tomorrow","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.e6d93fa3-30c4-4492-9b43-bdc917b79adb.mp3"},"yoast_head":"\nSama Water\u2019s Nomu IPO closes 240.3x oversubscribed - 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