Saudi Arabia's Capital Market Authority has approved Berain Company's application to register and offer 66,000,000 shares, representing 30% of its share capital, in an initial public offering. The prospectus will be published sufficiently ahead of the subscription period and will set out the information investors need to assess the offering, including the company's financial statements, activities and management. The authority noted that its approval means the applicable requirements under the Capital Market Law and its Implementing Regulations have been met and does not amount to a recommendation to subscribe. The prospectus will also include risk factors relevant to the offering. Approval remains valid for six months from the board resolution date of 31 March 2026 and will lapse if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2026-04-21
Saudi Arabia's Capital Market Authority approves Berain Company IPO of 66 million shares
The Saudi Arabia Capital Markets Authority has approved Berain Company’s application to register and offer 66,000,000 shares, representing 30% of its share capital, in an initial public offering. The authority stated that approval confirms compliance with the Capital Market Law and Implementing Regulations but does not constitute a recommendation to subscribe, and that the prospectus will provide detailed financial, management and risk information for investors.