| Announcement Detail |
SNB Capital in its capacity as the Lead Manager, Financial Advisor, Book-runner, Global Coordinator and Underwriter, J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia in their capacity as Financial Advisors, Book-runners, Global Coordinators and Underwriters on the potential initial public offering of Saudi Tadawul Group Holding Company (“Saudi Tadawul Group” or the “Company”) announces the price range, as well as the commencement of the Participating Parties book-building period; as per the following details: • The price range for the Offering has been set between SAR 95 and SAR 105 per share (the “Price Range”) • The Offering is comprised of a sale of thirty-six million (36,000,000) ordinary shares, representing 30% of Saudi Tadawul Group’s issued share capital, by the Selling Shareholder • The minimum number of Offer shares to be applied for by the Participating Parties is one hundred thousand (100,000) shares, while the maximum number of shares is five million, nine hundred ninety-nine thousand, nine hundred ninety-nine (5,999,999) shares • The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority • The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process, the number of Offer Shares to be provisionally allocated to Participating Parties is thirty-six million (36,000,000) Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Investors. In the event that Individual Subscribers subscribe for all the Offer Shares allocated thereto, the Bookrunners shall have the right to reduce the number of shares allocated to Participating Parties to a minimum of twenty-five million two hundred thousand (25,200,000) Offer Shares, representing 70% of the total Offer Shares • Bidding and book-building period for Participating Parties: starts on 21 November 2021 and ends on 26 November 2021 For more information on the Prospectus and the Supplementary Prospectus, please visit the Capital Market Authority website www.cma.org.sa , and Saudi Tadawul Group website on https://tadawulgroup.sa |
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