Berain Water Company Receives CMA Approval for IPO of 66 Million Shares

Berain Water Company Gains CMA Approval for IPO

The Capital Market Authority (CMA) of Saudi Arabia has granted approval for Berain Water Co. to proceed with an initial public offering (IPO) of 66 million shares, equating to 30% of the company's total capital, which consists of 120 million shares. This significant move was announced on April 21, signaling a robust strategic expansion plan for the leading bottled water manufacturer in Saudi Arabia.

Details of the Approval

The CMA's approval is effective for six months, within which time Berain is required to finalize the offering and complete the listing of its shares on the Saudi Main Market, commonly known as TASI. According to the regulator, Berain is expected to release the offering prospectus well ahead of the IPO to keep potential investors informed.

This step is crucial for the company, which operates three production facilities located in Riyadh and Jeddah, along with 24 sales outlets throughout the Kingdom. The approved IPO is positioned to enhance Berain’s operational capabilities and market reach.

Ownership and Recent Developments

Berain Water Co. is primarily owned by Mohammed Abdulaziz AlRajhi Sons Investment Co., also referred to as Rajhi Invest. Adding to its growth trajectory, in March 2025, Hassana Investment Co., which is wholly owned by the General Organization for Social Insurance (GOSI), completed a notable acquisition of a 40% stake in Berain Water. This strategic partnership is expected to provide additional resources and expertise to aid in Berain's enhanced market expansion efforts.

Berain has established itself as a reputable player in the bottled water space, focusing on high-quality production and customer satisfaction. The upcoming IPO is anticipated to not only bolster its financial framework but also maximize its competitive edge in the expanding beverage industry within Saudi Arabia.