Saudi Miahona to Offer 30% Stake in Local IPO
As part of the public-private partnership (PPP) initiative, Miahona aims to offer 48,277,663 ordinary shares, currently held by Vision Invest.
Saudi Arabian water and wastewater infrastructure company, Miahona, has announced plans to float a 30% stake in an initial public offering (IPO) on the Riyadh bourse.[1]
Fully owned by the development and investment holding company Vision Invest, Miahona boasts a portfolio covering the entire water sector cycle, from extraction and supply to collection and recycling.
As part of the public-private partnership (PPP) initiative, Miahona aims to offer 48,277,663 ordinary shares, currently held by Vision Invest.[2]
The bookbuilding process is slated to commence on April 28th and conclude on May 2nd, following which the final offer price will be determined. Saudi Fransi Capital leads the process as the lead manager and joint financial adviser, supported by EFG Hermes Saudi Arabia as joint bookrunner and co-underwriter.