Saudi Capital Market Authority Approves 66 Million Share Offering by Beren Group
- The Capital Market Authority (CMA) approved on April 21, 2026, the application submitted by Berain Water Co.
- The company, a Saudi bottled water manufacturer, will issue the offering prospectus within sufficient time ahead of the initial public offering (IPO), as stated by the market regulator.
- The CMA’s approval is valid for six months from the date of approval and will be cancelled if the offering and listing of the shares are not completed...
The Capital Market Authority (CMA) approved on April 21, 2026, the application submitted by Berain Water Co. To float 66 million shares, representing 30% of its capital, on the Main Market (TASI).
The company, a Saudi bottled water manufacturer, will issue the offering prospectus within sufficient time ahead of the initial public offering (IPO), as stated by the market regulator.
The CMA’s approval is valid for six months from the date of approval and will be cancelled if the offering and listing of the shares are not completed within this period.
Berain Water is owned by Mohammed Abdulaziz AlRajhi & Sons Investment Co. (Rajhi Invest). In March 2025, GOSI-owned Hassana Investment Co. Completed the acquisition of a 40% stake in the company.
The company operates three production facilities located in Riyadh and Jeddah and runs 24 sales outlets across the Kingdom.
The total capital of Berain Water consists of 120 million shares, of which the 66 million shares to be floated represent 30%.