Sama Water
IPO
About Sama
Sama Water Company is one of the leading companies in KSA in water bottling. From its headquarters in Jazan, Saudi Arabia, Sama is well known for providing high quality products through innovative purification technologies and sustainable practices. Sama was founded in 2008 and has evolved ever since into one of the most important bottled-water suppliers in the region, taking advantage of its strategic location and advanced production facilities. Sama’s mission focuses on providing clean water to its customers while maintaining the highest quality standards and levels of satisfaction. Through a strong strategy in line with the Saudi Vision 2030, Sama continues to expand its reach with a view of commitment to excellence, innovation and sustainability.
Our water comes from under the ground to reach the sky
Our Vision
To be a leading company in bottling and marketing water according to the highest local and international standards and specifications.
Our Mission
To use the latest technologies in water treatment and bottling, apply the highest quality standards in our products, and continuously improve marketing methods to achieve customer satisfaction.
CEO's Message
Since its establishment, Sama Water Company has gone so far in terms of development while maintaining its commitment to providing clean and high-quality water that not only quenches thirst but also nourishes and refreshes the well-being of our communities. Sama is reaping now successes based on its solid foundations of creativity, sustainability and relentless pursuit of excellence. By continuing to expand its business, both locally and regionally, with the aim of improving the lives of people and the entire community, and by adopting the latest technologies, and maintaining the highest quality standards, Sama is keen to implement sustainable practices that protect our precious natural resources for future generations. We are confident that Sama Water Company will achieve new successes, thanks to God, the trust of shareholders, the sincerity of employees and the support of all who admire Sama.
Abdulaziz Ali Mohammed Tabiqi
Business Sectors of the Company
Ice Production
Ice Production
Drinking Water Production
Drinking Water Production
Ice Production
Drinking Water Production
Sama in Numbers
3
2
8
120,000 liters
125+ million liters
32+ thousand tons
36.12%
87,428,490 SAR
9,160,859 SAR
50,000,000 SAR
Sama’s shareholding structure before and after the offering
| Shareholder | Before the offering | After the offering | |||||
| Number of Shares | Percentage | Number of Shares | Percentage | ||||
| Abdullah Siddiq Ali Tabiqi | 40,000,000 | 80% | 32,000,000 | 64.00% | |||
| Ziad Abdullah Siddiq Tabiqi | 10,000,000 | 20% | 8,000,000 | 16.00% | |||
| Eligible Investors | - | - | 10,000,000 | 20.00% | |||
| Total | 50,000,000 | 100% | 50,000,000 | 100% | |||
Subscription Steps
Expected
Timeline
of the
Offering
Ten million (10,000,000) ordinary shares with a nominal value of (1) one Saudi riyals per share, representing (20%) of the Company's capital, will be offered for public subscription in the parallel market (Nomu)
-
Duration of the Offering
The subscription begins on Wednesday 29/03/1446H (corresponding to 02/10/2024G) and continues for five working days ending on Tuesday 05/04/1446H (corresponding to 08/10/2024G)
-
Deadline for Subscription Applications
End of Tuesday 05/04/1446H (corresponding to 08/10/2024G)
-
Deadline for the payment of the subscription value according to subscription applications
End of Tuesday 05/04/1446H (corresponding to 08/10/2024G)
-
Announcement of the Final Allocation of Offering Shares and Sending Notifications to Investors
On Sunday 10/04/1446H (corresponding to 13/10/2024G)
-
Refund of surplus (if any)
On Tuesday 12/04/1446H (corresponding to 15/10/2024G)
-
Estimated date of commencement of shares trading
It is expected that the trading of the Company's shares in the parallel market will begin after fulfilling all the requirements and completing all the relevant statutory procedures. The commencement of shares trading will be announced in local newspapers and the Saudi Tadawul website (www.saudiexchange.sa).
Frequently Asked Questions (FAQ)
Sama operates in the water production and bottling sector. Sama extracts, purifies and bottles healthy water for commercial distribution, produces ice cubes, and also manages the necessary logistics, including transporting and storing its products, to maintain efficient distribution.
By offering part of its shares to the public, Sama aims to consolidate its position in the local and regional market, achieve long-term strategic benefits, by expanding the ownership base and increasing liquidity in its shares, and enable the Company to benefit from future growth opportunities.
The offering is limited to the categories of eligible investors, namely:
- Financial market institutions acting on their own account.
- Clients of a capital market institution licensed to conduct management business provided that the capital market institution has been appointed on conditions enabling it to make decisions regarding accepting participation in the offering and investing in the parallel market on behalf of the client and without the need to obtain prior approval from the client.
- The Saudi government, any governmental entity, any international body recognized by the Authority, the Market, and any other financial market recognized by the Authority, or the Depository Center.
- Government-owned companies, directly or through a portfolio managed by a financial market institution licensed to conduct management business.
- Companies and funds established in GCC countries.
- Investment Funds.
- Any other legal persons who may open an investment account in the Kingdom and an account with the Depository Center.
-
Natural persons who may open an investment account in the Kingdom and an account
with the Depository Center, and who meet any of the following criteria:
- Shall have made transactions in stock markets with a total value of not less than forty million Saudi riyals and not less than ten transactions in each quarter during the past twelve months.
- The value of its net assets shall not be less than five million Saudi riyals.
- To work or have worked for at least three years in the financial sector.
- To hold the general securities certificate approved by the Authority.
- To hold a professional certificate specialized in the field of securities business accredited by an internationally recognized body.
- Any other persons specified by the Authority.
The minimum limit for subscription is 100 shares, and the maximum is 2,499,900 shares per eligible investor.
The shareholder shall be entitled to its share in the profits in accordance with the General Assembly’s decision issued in this regard. Such decision shall indicate the due date and the date of distribution. Profits shall be entitled for only the shareholders registered in the shareholders' records at the end of the day specified for the entitlement. The Offering Shares shall be entitled to their share of any profits declared by the Company as of the date of this Prospectus and for the following financial years.
Yes, major shareholders who hold five percent or more of the Company's shares will be subject to a ban period of (12) twelve months from the date of commencement of trading in the parallel market.
The price range will be determined based on the process of building the order book and evaluation of the application by eligible investors and in coordination between the Company and the Lead Manager.
The net proceeds of the offering will be distributed to the selling shareholders, each according to its percentage of the offering shares, and the Company will not receive any amount of the net proceeds of the offering.
The company's shares are expected to start trading on the market shortly after the shares allocation process is completed.
Financial Advisor
and Lead Manager
Yaqeen Capital
Media Consultant
BOXES LLC
Recipients
