Jihan Laghmari

Saudi Arabia's Miyahuna, a developer and operator of water and wastewater solutions, intends to conduct an initial public offering (IPO) and list its shares on the Saudi Stock Exchange (Tadawul).

According to a statement issued on Wednesday, the company will offer approximately 48.3 million common shares, representing 30% of the company's total issued capital. The company stated that all of the shares to be offered are currently owned by Vision Investment Company, a Saudi investment holding company that invests in public-private partnerships.

The final offering price will be determined after the bookbuilding process, which begins on April 28 and ends on May 2, and before the start of the individual investor subscription period, according to the company's statement.

The subscription period for Miahna shares for individual investors will begin on May 21 and end on May 22.

Miyahuna has appointed Saudi Fransi Capital as the lead manager for the offering, and Saudi Fransi Capital and EFG Hermes Saudi Arabia as financial advisors, institutional bookrunners, and underwriters for the initial public offering, according to a company statement.

What do we know about our "water"?

(According to the company's statement)

Miyahuna was established as a Saudi joint stock company in 2008.

- Wholly owned by Vision Global Investment Company.

- One of the first water and wastewater infrastructure development companies in the Kingdom.

- Providing solutions in the water sector, including water production and distribution, wastewater collection and treatment, treated wastewater reuse, billing and collection, and customer service .

(Prepared by: Jihan Laghmari, Contact: zawya.arabic@lseg.com)

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