Amna Assem

The Saudi Capital Market Authority has approved the Saudi bottled water company, Berain, to offer 66 million shares, representing 30% of its shares, for public subscription, according to a statement issued by the authority on Tuesday evening.

The Saudi stock exchange witnessed a surge in IPO applications during the second quarter of the year, while only one listing has taken place since the beginning of 2026: that of Saleh Abdulaziz Al-Rashed & Sons, following its initial public offering in the first quarter. This week, Dar Al-Balad Business Solutions, a Saudi IT services company, announced its intention to offer 30% of its shares in an initial public offering on the Tadawul main market.

Perrin has not yet announced details of the planned initial public offering, while the Authority's statement said that the prospectus for the offering will be published well in advance of the start of the subscription period.

The Riyadh-based company is one of the Kingdom’s leading water bottling companies and is affiliated with Saudi Arabia’s Al Rajhi Financial Group. Saudi Arabia’s government-owned Hassana Investment Company, the investment arm of the General Organization for Social Insurance, owns 40% of Berain following an acquisition announced in a press release last year.

According to the acquisition statement, Berain operates through 3 factories, two of which are located in Riyadh and the third in Jeddah, and also owns 24 warehouses and sales outlets.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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