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05-06-21
Saudi Arabia’s Berain to become 1st bottled-water company to list in country
(MENAFN)According to reports from Bloomberg, Berain Water has hired the investment banking arm of Samba Financial Group to run a possible initial public offering (IPO).
The people, who asked to be anonymous as the information is private, stated that no final decision was yet taken on a potential 30 percent stake sale and the company may decide against an IPO.
Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies, and its listing would open a new industry to public investment in the Kingdom.
Saudi Arabia is also estimated to sell part of its Ras Al-Khair facility on Saudi Arabia’s Arabian Gulf coast, one of the world’s biggest desalination plants, later in 2020.
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